Türkiye's consumer confidence up in October
Türkiye's consumer confidence index rose 3% to 80.6 in October, up from 78.2 in September, according to the Turkish Statistical Institute. The increase was driven by improved expectations regarding household financial situations and spending on durable goods, despite a slight decline in the current financial situation.
- Economy
- Anadolu Agency
- Published Date: 11:01 | 23 October 2024
- Modified Date: 11:02 | 23 October 2024
Türkiye's consumer confidence index went up by 3% to 80.6 in October, from 78.2 in September, the Turkish Statistical Institute (TurkStat) announced on Wednesday.
Among sub-indexes, the financial situation expectation of household over the next 12 months index posted the highest rise with 6.1% month-on-month in October.
It was followed by an assessment of spending money on durable goods and general economic situation expectation, both over the next 12 months, with 4.1% and 1.1%, respectively.
Meanwhile, the financial situation of household at present sub-index saw a monthly decline of 0.2%.
The consumer confidence index, which can hover between 0 and 200, indicates an optimistic outlook when above 100, and a pessimistic outlook when below 100.