Consumer confidence index in Turkey increased by 5.2% in June 2020

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 5.2% in June compared to the previous month. The index became 62.6 in June while it was 59.5 in May.

Seasonally adjusted consumer confidence index, June 2020

Financial situation expectation index realized as 79.9

The financial situation expectation of household index in the next 12 months period which was 79.2 in May increased by 0.8% and became 79.9 in June.

General economic situation expectation index became 85.5

The general economic situation expectation index in the next 12 months period which was 81.8 in May increased by 4.5% and became 85.5 in June.

Number of people unemployed expectation index became 62.1

The number of people unemployed expectation index in the next 12 months period which was 55.3 in May increased by 12.2% and became 62.1 in June.

Probability of saving index realized as 23.1

The probability of saving index in the next 12 months period which was 21.7 in May increased by 6.5% and became 23.1 in June.

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

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

The next release on this subject will be on July 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.

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.