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Türkiye’s consumer confidence showed a slight rebound in May, rising by 1.1% month-over-month to reach 84.8 points, following a 2.3% drop in April, according to official data released by the Turkish Statistical Institute (TurkStat) on Tuesday.
This index is widely regarded as a leading gauge of public sentiment toward the country's economic conditions, reflecting attitudes on current finances, future expectations, and spending behavior.
Despite stagnant perceptions of their current financial situation, Turkish households expressed slightly more optimism about the coming year. The sub-index that measures expectations regarding households’ financial outlook for the next 12 months climbed by 1.2% compared to April.
In a more notable sign of shifting behavior, the sub-index tracking the likelihood of spending on durable goods, such as appliances, electronics, and furniture, over the next year surged by 3.3%. This uptick suggests that some households may be ready to make significant purchases, potentially signaling greater confidence in income stability or efforts to preempt future price hikes amid inflationary pressures.
However, optimism about the national economy remained fragile. The sub-index measuring expectations for the general economic situation over the next 12 months slipped by 0.7% in May. This drop indicates persistent public concern regarding macroeconomic stability, possibly driven by continued inflation, currency volatility, or uncertainty in global markets.
With the overall index standing at 84.8, Türkiye’s consumer sentiment remains well below the neutral mark of 100, which separates optimism from pessimism. Although the May reading marks an improvement over the previous month, it still reflects a prevailing sense of caution among consumers.
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