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Financial News: Turkish Consumer Confidence At 6-Month High

Turkish Consumer Confidence At 6-Month High

04/20/2017 - 03:29:00 (RTTNews)

(RTTNews) - Turkey's consumer confidence strengthened to a 6-month high in April, results of a monthly survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey showed Thursday.

The consumer sentiment index rose unexpectedly to 71.3 in April from 67.8 in March. This was the highest score since October 2016, when the reading was 74.0. Economists had forecast the score to fall to 65.0.

All the main four sub-components of the indicator strengthened from the prior month. The financial situation expectation of household index climbed to 90.7 from 87.8 in March.

The indicator for general economic situation expectations came in at 96.2 versus 93.2 a month ago. Likewise, the number of people unemployed expectations index improved to 73.1 from 70.4 in March.

Consumers' assessment of savings over the next 12 months gained from prior month. The probability of saving index climbed to 25.1 from 19.9 in March.

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