Turkish consumer mood picks up slightly in February
ANKARATurkish consumers’ sentiment has recovered slightly from its lowest level in four years in January, recording a slight increase of 0.5 points in February, according to official figures announced on Feb. 19.
The consumer confidence index, which is calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute (TÜİK) and the Central Bank, rose to 68.06 points in February, from 67.71 in January.
The index is evaluated within the range of 0 and 200. An optimistic outlook is indicated when the index is above 100, but a pessimistic outlook is indicated when the index is below 100.