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TurkStat-Consumer confidence index rose to 84.5 in February

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The consumer confidence index increased by 1.5 percent in February compared to the previous month. The index became 84.5 in February while it was 83.3 in January, according to the seasonally adjusted consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute (TurkStat) and the Central Bank of the Republic of Turkey (CBRT). 

TÜRKİYE 18.02.2021, 11:21
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TurkStat-Consumer confidence index rose to 84.5 in February
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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 financial situation of the household index at present compared to the past 12 months period which was 63.7 in January increased by 4.1 percent and became 66.3 in February.


The financial situation expectation of household index in the next 12 months period which was 83.8 in January increased by 0.8 percent and became 84.5 in February.


The general economic situation expectation index in the next 12 months period which was 88.2 in January increased by 4.0 percent and became 91.7 in February.


Assessment on spending money on durable goods index over next 12 months compared to the past 12 months period which was 97.3 in January decreased by 1.9 percent and became 95.5 in February.


In monthly consumer tendency surveys, consumers' assessments and expectations on financial standing and general economic situation, also their expenditure and saving tendencies are measured.
 

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