Consumer confidence index in Turkey remained at the same level 80.1 in December

Consumer confidence index remained unchanged at 80.1

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 remained at the same level 80.1 in December.

Seasonally adjusted consumer confidence index, December 2020

Financial situation of household index became 66.1

The financial situation of household index at present compared to the last 12 months period which was 66.6 in November decreased by 0.7% and became 66.1 in December.

Financial situation expectation index realized as 78.9

The financial situation expectation of household index in the next 12 months period which was 79.0 in November decreased by 0.2% and became 78.9 in December.

General economic situation expectation index became 82.9

The general economic situation expectation index in the next 12 months period which was 78.7 in November increased by 5.2% and became 82.9 in December.

Assessment on spending money on durable goods index realized as 92.6

Assessment on spending money on durable goods index over next 12 months compared to the past 12 months period which was 96.2 in November decreased by 3.8% and became 92.6 in December.

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

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

The next release on this subject will be on January 21, 2021.
                                                                                                                                                                                            

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.