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Financial News: Turkey Consumer Confidence Falls Marginally

Turkey Consumer Confidence Falls Marginally

12/21/2017 - 02:58:00 (RTTNews)

(RTTNews) - Turkey's consumer confidence dropped fractionally in December, survey data from the Turkish Statistical Institute showed Wednesday.

The consumer confidence index remained broadly stable in December, with the index falling to 65.1 in December from 65.2 in November.

Moreover, the latest reading was the lowest since October 2015, when it was 62.8.

The indicator measuring financial situation expectation of households edged up to 84.8 from 84.6.

Assessment of general economic situation outlook improved in December, with the index rising to 87.5 from 87.1.

The number of people unemployed expectation index dropped to 70.6 in December from 70.9 in November. The probability of saving index came in at 17.5 versus 18.0 in the prior month.

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