FX.co ★ Turkey Consumer Confidence Falls In November

In November, a slight dip in Turkey's consumer confidence was observed, as indicated by data from the Turkish Statistical Institute released on Thursday. The consumer confidence index dropped to 79.8 from October's 80.6, and, notably, any reading below 100 reflects a pessimistic perspective.

The index measuring the current financial situation of households saw a slight improvement, increasing to 66.1 from 64.7 the previous month. Conversely, expectations for the financial situation of households diminished, falling to 80.6 from 82.1.

Expectations regarding the general economic situation also experienced a decline, dropping to 73.8 from the prior month's 75.3. Furthermore, the index assessing consumers' intentions to spend on durable goods over the upcoming year decreased to 98.6 from 100.1 in October.

This consumer confidence survey was a collaborative effort between the Turkish Statistical Institute and the Central Bank of the Republic of Turkey.