Turkey consumer confidence hits 12 year low

Seasonally adjusted consumer confidence index decreased by 3.6% in October compared to the previous month and sank to 76.8 in October from 79.7 in September.

Seasonally adjusted consumer confidence index, October 2021

The financial situation of household index at present compared to the past 12 months period which was 62.6 in September decreased by 3.0% and became 60.7 in October.

The financial situation expectation of household index in the next 12 months period which was 79.0 in September decreased by 4.4% and became 75.6 in October.

The general economic situation expectation index in the next 12 months period which was 79.3 in September decreased by 6.4% and became 74.2 in October.

Assessment on spending money on durable goods index over next 12 months compared to the past 12 months period which was 97.7 in September decreased by 1.1% and became 96.6 in October.