Turkish consumer confidence up in June
REUTERS photoTurkey’s consumer confidence index rose to 69.43 in June from 68.75 in May, ticking higher for the fourth straight month, data from the Turkish Statistics Institute (TÜİK) showed on June 22.
The agency said that all sub-indices of the reading saw substantial improvements from the previous month except for the general economic situation expectations index, according to the survey, which was made in cooperation with the Central Bank.
The financial situation expectations of household index became 91.21 compared to 89.94 the previous month, up 1.4 percent.
The probability of saving was up sharply, 9.9 percent to 24.55 in June from 22.35 in May, suggesting that more and more people felt optimistic about being able to save money in the coming months.
The number of people unemployed expectations index, a gauge of sentiment about the health of the labor market, also saw an improvement of 2.4 percent from the previous month to 70.64 points.
The sole setback among sub-indices was seen in June’s general economic situation expectations index, slipping 2.4 percent from the previous month to 91.32 points.
The index as a whole hit a six-year low of 58.52 in September in 2015 but has subsequently recovered.