The consumer confidence index that had fallen in the previous three months was unchanged from December at 67.7 in January, but still at a four-year low, the statistics office TUIK said on January 22.
There was a slight deterioration in households’ general economic situation expectations with the corresponding sub-index falling 0.3% m/m while households’ assessments of current general economic situation fell by a sharper 3% m/m. The participants of TUIK’s monthly survey appeared more optimistic about job market as they think unemployment would fall. The probability of saving over the next 12 months rose 2.9% m/m in January after falling 7% m/m in the previous month but the probability of taking loan to finance consumption fell 14.9% m/m versus a 10.7% m/m decline in December. Households expect consumer prices to decline in the next 12 months, the survey also showed.
The probability of buying a car that increased 12% m/m after falling 12.5% m/m while the probability of buying a house fell 1.9% m/m in January after rising 3.6% m/m in December.
| Consumer Confidence Sub-Indices | ||||
| Dec-13 | Nov | Dec-14 | Jan | |
| Consumer Confidence Index | 75.0 | 68.7 | 67.7 | 67.7 |
| Financial Situation Expectation of Household | 92.4 | 88.6 | 88.8 | 87.8 |
| General Economic Situation Expectation | 101.9 | 90.5 | 91.8 | 91.5 |
| Number of People Unemployed Expectation | 81.8 | 70.8 | 67.3 | 67.8 |
| The probability of saving | 23.8 | 24.7 | 23.0 | 23.7 |
| Source: tuik |
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