Consumer Confidence Index (CCI) recovered in July.
CCI increased by 7.4% to 68 in July (June: 63.4, +6.2% MoM). Despite there was no consensus available for the data, BloombergHT CCI Index increased by 10.2% to 52.7 in July.
The CCI is evaluated within the range of 0-200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100. Turkey’s next CCI data will be on August 23.
CCI increased by 7.4% to 68 in July (June: 63.4, +6.2% MoM). Despite there was no consensus available
for the data, BloombergHT CCI Index increased by 10.2% to 52.7 in July.
In monthly basis, all main sub- indices recorded increases.
15 of 18 sub-indices recorded monthly increases. Highest monthly increases were seen on economic situation expectation, expectation for consumer price changes and financial situation expectation of household whereas the highest monthly negative changes were
seen on probability of borrowing money, saving time condition at present and buying time condition of durables.
According to 3-month average figures, downward trend on financial situation of household sustained as probability of borrowing money for the consumption expenditures increase.
3-month average figures indicate that recovery on the saving time condition and buying time condition of durables halted as the assessment on consumer prices
changes indice continues to deteriorate.
3-month average figures indicate that expectations for wages changes continued to increase and stayed at the optimistic area for the 14-month in a row. Deterioration on the inflation expectations and number of unemployed expectations halted.
Assessment on spending semi- durables remained at the pessimistic for the second month in a row. Additionally, 3-month average figures indicate that
assessment on spending both semi-durables and durable continued to deteriorate.
Investment-saving related indices continued to stay significantly below of critical value of 100. According to 3-month average figures, all sub-indices deteriorated, except probability of spending on home renovations.The sharpest drops were seen on probability of buying
a car and probability of buying/building a home.
Y. F. Securities Research