Mar 20 2018

Turkish consumer confidence drops in March

Turkish consumer confidence declined to 71.3 in March, the first drop since December, as expectations about the economy worsened.

The index fell from 72.3 in February, the state statistics institute said on its website on Tuesday.

Expectations about consumers’ economic situation worsened to 95.1 from 96.8 in February, while expectations about future employment over the next 12 months fell to 73.5 from 75.3.

The index, prepared with the central bank, measures confidence within the range of 0-200, with a figure of above 100 indicating an optimistic outlook.

The confidence index reached a 12-month low of 65.1 in December.

Turkish consumer confidence