Bloomberg HT Consumer Confidence Index increased by 10.93% compared to the previous month in November. The index, which had experienced a decline in October, resumed its upward trend.
Bloomberg HT Consumer Confidence Index increased by 10.93% in November compared to the previous month, reaching 72.08. The index, which had experienced a decline in October, resumed its upward trend.
Examining the details of the index, an improvement was observed in both the consumer’s perception of the current situation and expectations for the future. The increased geopolitical tension, rising volatility in financial markets, and the perceived slowdown in economic growth due to negativity led to a decline last month.
The partial reduction of geopolitical risks and the activation in domestic demand, especially in the automotive sector with various campaigns, seemed to turn the index upward again. In this context, the Bloomberg HT Consumer Expectation Index increased by 11.05% compared to the previous month, reaching 74.68.
On the other hand, the Bloomberg HT Consumption Trend Index, which attempts to measure the suitability for durable consumer goods as well as automobile and housing purchases in the current period, increased by 7.05%, reaching 68.20. It signaled a revival in domestic demand in the last two months of the year.
