Turkey’s Consumer Confidence Rises Slightly in June to 85.1

Consumer sentiment in Turkey showed a modest uptick in June, as the Consumer Confidence Index rose to 85.1, according to a joint survey by the Turkish Statistical Institute (TÜİK) and the Central Bank of the Republic of Turkey (CBRT). The index increased by 0.3% compared to May, when it stood at 84.8, continuing the slight upward trend seen in recent months.

The Consumer Tendency Survey, which gauges household perceptions and expectations regarding economic conditions, revealed a positive shift in key indicators for the upcoming year.

Notably, expectations for household financial conditions over the next 12 months improved, reaching 85.8 in June. Similarly, confidence in the overall economic outlook for the coming year rose to 82.4, signaling cautious optimism despite lingering economic uncertainties.

The index had risen 1.1% in May, after dipping to 83.9 in April, following a higher level of 85.9 in March. While these figures suggest a slow recovery in consumer sentiment, the index remains well below the neutral 100-point threshold that separates optimism from pessimism.

This gradual climb indicates that Turkish consumers are growing slightly more confident about their personal finances and the broader economy, though concerns around inflation, employment, and purchasing power still persist.