Turkiye’s consumer sentiment falls in July

Consumer confidence index drops 5.9% month-on-month in July, official data shows

Turkish consumer sentiment weakened for the second consecutive month in July, according to data released on Thursday.

The consumer confidence index fell 5.9% month-on-month to 80.1 in July, the Turkish Statistical Institute (TurkStat) data showed.

Sub-indices for general economic situation expectations over the next 12 months plunged 11.3%,while financial situation expectations of households over the next 12 months dove 7.7%.

The index for the present financial situation of households fell 6.6% in July from the month prior.

On the other hand, assessments on spending for durable goods over the next 12 months rose 1.5%.

The index is a vital gauge of the economy’s overall performance, indicating public sentiments on financial standing and the general economic situation, along with spending and saving tendencies.


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