Turkey private consumer confidence rises in April, as inflation boost propensity to consume

One of the two measures of consumer sentiment, published by private broadcaster BloombergHT improved in the first April reading. The level of the index remains deeply in the pessimistic territory. The pick-up in consumer moods may also be driven by perverse reasons. The press report for the release of the index states: “Rising inflation expectations might have contributed to the improvement of tendency to consume.  Recent climb in real estate sales might also be reflecting this tendency”.

 

The details of the twice-monthly survey are as follows:

 

 

Prviate broadcaster Bloomberg HT’ Consumer Confidence Index preliminary result for April 2022 displays a rise of 17.90 per cent for the consumer sentiment as the index value of 54.57.

 

In the first half of April, there are improvements both at current perceptions and future expectations of consumers for the economy except household financial perception compared to a year ago. Falling tension of Russia–Ukraine War following peace talks and its reflections on financial markets seem to be the main drivers of improving sentiment. In this respect, Bloomberg HT Consumer Expectations Preliminary Index rises by 19.86 percent compared to end of March as of the index number 72.20.

 

Turkish Real Estate: Worst Time to Buy! | Real Turkey

 

 

Bloomberg HT Consumption Tendency Preliminary 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 rise of 41.42 percent to the value of 42.04. Rising inflation expectations might have contributed to the improvement of tendency to consume.  Recent climb in real estate sales might also be reflecting this tendency.

 

 

 

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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 www.paraanaliz.com and has contributed to the financial daily Referans and the liberal daily Radikal.