• Home
  • Money
  • Consumer Confidence Reaches 16-Month Peak
Money

Consumer Confidence Reaches 16-Month Peak

1 Mins Read

The Turkish Statistical Institute (TurkStat) revealed that the consumer confidence index reached 80.60 in October, marking the highest level since June 2023. According to TurkStat, the consumer confidence index data for October was announced. Calculated from the results of the consumer tendency survey conducted in cooperation with TurkStat and the Central Bank of the Republic of Turkey, the consumer confidence index, which was 78.2 in September, increased by 3% in October to reach 80.6. The current period’s household financial situation index decreased by 0.2 to 64.7 in October from 64.8 last month. The household financial situation expectation index for the next 12 months rose by 6.1% this month to 82.1, up from 77.4 in September. The general economic situation expectation index for the next 12 months increased by 1.1% to 75.3 this month from 74.5 in September. The intention to spend on durable goods in the next 12 months index increased by 4.1% from 96.2 in September to 100.1 in October.

Comments are closed

Related News