POST Online Media Lite Edition


Turkey consumer sentiment stays depressed in January

Staff Writer |
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, worsened from a revised 58.7 in December (previously reported: 58.2) to 58.2 in January.

Article continues below

As a result, the index moved further below the 100-point threshold that separates pessimism from optimism among Turkish households.

Weak consumer confidence readings continue to bode poorly for private consumption.

January’s dip was driven by consumers growing substantially more pessimistic about their ability to save.

In contrast, they grew slightly less pessimistic about general economic conditions and their personal financial conditions.

Consumers’ views of the labor market were largely unchanged from the prior month.

FocusEconomics Consensus Forecast panelists see private consumption contracting 1.5% in 2019 and expanding 3.1% in 2020.

What to read next

U.S. consumer sentiment remains steady in September
U.S. consumer confidence weakens in February
U.S. consumer sentiment improves more than expected in December