Consumer Confidence Index, December 2019 in Turkey
Consumer confidence index realized as 58.8
Seasonally adjusted consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey decreased by 1.9% compared to the previous month. The index became 58.8 in December while it was 59.9 in November.
Seasonally adjusted consumer confidence index, December 2019
Financial situation expectation index realized as 77.7
The financial situation expectation of household index in the next 12 months period which was 79.3 in November decreased by 2.1% and became 77.7 in December.
General economic situation expectation index became 76.5
The general economic situation expectation index (next 12 months period) which was 78.5 in November decreased by 2.5% and became 76.5 in December.
Number of people unemployed expectation index became 57.1
The number of people unemployed expectation index (next 12 months period) which was 58.8 in November decreased by 2.9% and became 57.1 in December.
Probability of saving index realized as 23.8
The probability of saving index (next 12 months period) which was 23 in November increased by 3.5% and became 23.8 in December.
Seasonally adjusted consumer confidence index, sub-indices and
rate of changes, December 2019
The next release on this subject will be on January 23, 2020.
EXPLANATIONS
In monthly consumer tendency survey, consumers’ assessments and expectations on financial standing and general economic situation, also their expenditure and saving tendencies are measured.
The consumer confidence index calculated from the survey results is evaluated within the range of 0-200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.
Source: TUIK
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
