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Financial News: Turkey Consumer Confidence Weakens Sharply To 3-year Low

Turkey Consumer Confidence Weakens Sharply To 3-year Low

09/20/2018 - 03:46:00 (RTTNews)

(RTTNews) - Turkey's consumer confidence deteriorated sharply in September, weakening for a second straight month, to its lowest level in three years, survey data from the Turkish Statistical Institute showed on Thursday.

The consumer confidence index fell to 59.3 from 68.3 in August. The score was the lowest since September 2015, when the reading was 58.5.

All sub-indexes decreased in September, with the measure reflecting the probability of saving, declining the most by 25.9 percent.

The indexes for financial situation and general economic conditions decreased.

The number of people expecting a decline in the number of jobless in the next 12 months also decreased.

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