Consumer confidence index in Turkey increased by 4.0% in January compared to the previous month

Consumer confidence index realized as 83.3

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 4.0% in January compared to the previous month. The index became 83.3 in January while it was 80.1 in December.

Seasonally adjusted consumer confidence index, January 2021

Financial situation of household index became 63.7

The financial situation of household index at present compared to the past 12 months period which was 66.1 in December decreased by 3.6% and became 63.7 in January.

Financial situation expectation index realized as 83.8

The financial situation expectation of household index in the next 12 months period which was 78.9 in December increased by 6.3% and became 83.8 in January.

General economic situation expectation index became 88.2

The general economic situation expectation index in the next 12 months period which was 82.9 in December increased by 6.5% and became 88.2 in January.

Assessment on spending money on durable goods index realized as 97.3

Assessment on spending money on durable goods index over next 12 months compared to the past 12 months period which was 92.6 in December increased by 5.1% and became 97.3 in January.

Seasonally adjusted consumer confidence index, sub-indices and rate of changes, January 2021

Seasonally adjusted consumer confidence index and indices concerning consumer tendency, January 2021

The next release on this subject will be on February 18, 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.