Newsletters
Türkiye’s consumer confidence index rose to 84.3 in August by 0.9%, reversing the previous month’s decline with a brighter outlook from the Turkish households' spending willingness for durable goods, the Turkish Statistical Institute (TurkStat) reported on Thursday.
The consumer confidence index is considered a key barometer of economic health, capturing public perceptions of personal finances, the general economy, and buying intentions.
A level above 100 points indicates overall optimism, while readings below 100 reflect a more pessimistic outlook.
The index, which measures households’ expectations about financial conditions and the economy, showed that households reported stronger assessments of their current financial situation; their expectations for the next 12 months remained cautious, particularly regarding the broader economic outlook.
The sub-index reflecting households’ current financial situation rose 2.6% in August from the previous month, indicating that respondents felt their present financial conditions had slightly improved.
However, forward-looking indicators were less optimistic, as expectations for household financial conditions over the next 12 months slipped by 0.9%, while views on the general economic situation during the same period fell by 0.7%.
One area of stronger sentiment was spending plans for durable goods—items such as appliances, furniture, and electronics that typically involve long-term investment by households.
The related sub-index rose 2.5% month-on-month in August, signaling a greater willingness among consumers to make major purchases in the year ahead.
At the same time, the probability of borrowing money to finance consumption over the next three months increased by 7.2%, while the likelihood of saving money fell by 1.3%.
The probability of purchasing a house or car also dropped sharply, by 5.5% and 7.5%, respectively.
1 min read
3 min read
