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Turkey consumer confidence rises in April

Staff Writer |
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, increased from 67.8 in March to 71.3 in April - a five-month high.

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Despite the rise, the index remains far below the 100-threshold that separates pessimism from optimism.

April’s rise came on the back of an improvement in consumers’ views regarding the general economic situation and unemployment expectations.

In addition, households’ assessments of their financial situation in the next 12 months also improved.

In contrast, their views on the probability of saving became more pessimistic.

FocusEconomics Consensus Forecast panelists see private consumption expanding 1.9% in 2017, which is unchanged from last month’s forecast.

For 2018, the panel expects private consumption to grow 2.9%.

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