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Consumer confidence index in Turkey decreased by 2.2% in August 2020 compared to the previous month

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Consumer Confidence Index, August 2020 in Turkey

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 2.2% in August compared to the previous month. The index became 59.6 in August while it was 60.9 in July.

Seasonally adjusted consumer confidence index, August 2020

Financial situation expectation index realized as 77.8

The financial situation expectation of household index in the next 12 months period which was 80.6 in July decreased by 3.5% and became 77.8 in August.

General economic situation expectation index became 79.5

The general economic situation expectation index in the next 12 months period which was 82.2 in July decreased by 3.3% and became 79.5 in August.

Number of people unemployed expectation index became 59.5

The number of people unemployed expectation index in the next 12 months period which was 61.0 in July decreased by 2.5% and became 59.5 in August.

Probability of saving index realized as 21.7

The probability of saving index in the next 12 months period which was 19.9 in July increased by 8.8% and became 21.7 in August.

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

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

The next release on this subject will be on September 22, 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.


Source: TurkStat
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