Bloomberg HT Consumer Confidence Index declines  in September 2021

Turkey’s premier private consumer confidence index registered a small decline MoM in September, in contrast to Turkstat figures which reported a minor increase over the same period. 


The summer rebound in the economy seem to have somewhat improved consumers’ outlook on the future of the economy. Burt, propensity to spend is lingering at historic lows.


Bloomberg HT Consumer Confidence Index result for Sept 2021 displays a fall of 1.40 per cent for the consumer sentiment as the index value of 59.22.




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In September, there is deterioration at current perceptions of consumers’ personal well-being. However, there is an improvement for the perceptions on Turkish Economy. Inflation and falling real income together with depreciation of TL seem to be negatively affecting personal well-being of consumers. That is also contributing to the fall in tendency to consume.



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The momentum of back to school on services seems to contribute to the improvement of confidence on the expectations for the Turkish Economy. In this respect, Bloomberg HT Consumer Expectations Index rise by 4.73 percent compared to August, as of the index number 69.02. Bloomberg HT Consumption Tendency Index which tries to measure consumers’ stance on whether the current period is the right time to buy durable goods, autos and real estate is experiencing a fall of 17.52 percent to the value of 30.97.




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Published By: Atilla Yeşilada

GlobalSource Partners’ Turkey Country Analyst Atilla Yesilada is the country’s leading political analyst and commentator. He is known throughout the finance and political science world for his thorough and outspoken coverage of Turkey’s political and financial developments. In addition to his extensive writing schedule, he is often called upon to provide his political expertise on major radio and television channels. Based in Istanbul, Atilla is co-founder of the information platform Istanbul Analytics and is one of GlobalSource’s local partners in Turkey. In addition to his consulting work and speaking engagements throughout the US, Europe and the Middle East, he writes regular columns for Turkey’s leading financial websites VATAN and and has contributed to the financial daily Referans and the liberal daily Radikal.