July 21, 2022
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 increased by 7.4% in July compared to the previous month. The index became 68.0 in July while it was 63.4 in June.
Seasonally adjusted consumer confidence index, July 2022
Seasonally adjusted consumer confidence index, sub-indices and rate of changes, July 2022
The next release on this subject will be on August 23, 2022.
EXPLANATIONS
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.
Source: Turkish Statistical Institute (TurkStat)
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