Consumer confidence index in Turkey decreased by 0.1% in October compared to the previous month

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 0.1% in October compared to the previous month. The index became 81.9 in October while it was 82.0 in September.Seasonally adjusted consumer confidence index, October 2020

Financial situation of household index became 69.4

The financial situation of household index at present compared to the last 12 months period which was 71.8 in September decreased by 3.3% and became 69.4 in October.

Financial situation expectation index realized as 79.5

The financial situation expectation of household index in the next 12 months period which was 79.1 in September increased by 0.6% and became 79.5 in October.

General economic situation expectation index became 81.4

The general economic situation expectation index in the next 12 months period which was 83.3 in September decreased by 2.3% and became 81.4 in October.

Assessment on spending money on durable goods index realized as 97.4

Assessment on spending money on durable goods index over next 12 months compared to the past 12 months period which was 93.8 in September increased by 3.9% and became 97.4 in October.

Seasonally adjusted consumer confidence index, sub-indices and rate of changes, October 2020

Seasonally adjusted consumer confidence index and indices concerning consumer tendency, October 2020

The next release on this subject will be on November 20, 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.

The increase in probability of borrowing money index, which is the one of the indices concerning consumer tendency indicates an optimistic outlook while decrease in index indicates a pessimistic outlook. Similarly, increase in assessment and expectation in consumer prices change rate indices indicate a decrease in assessment/ expectation in consumer prices and vice versa. The increase in number of people unemployed expectation index indicates decrease of number of people unemployed expectation, whereas decrease indicates increase of number of people unemployed expectation.