Turkish consumer confidence unchanged in January at 67.7

By bne IntelliNews January 22, 2015

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        
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Turkey, Iraq, Qatar and UAE ink initial Development Road transit corridor agreement

Turkey, Iraq, Qatar and UAE have inked a preliminary agreement to cooperate on the Development Road project, which envisages the transit of goods received at an Iraqi commodities port facilty in ... more

Despite local elections defeat Erdogan “remains in control” at head of “super-executive regime”, says analyst

Despite his AKP party’s defeat in the weekend’s local elections, Turkish President ... more

Turkish footwear manufacturers step up investments in Uzbekistan’s leather and footwear industries

Turkish footwear manufacturers are stepping up their investments in Uzbekistan’s leather and footwear industries, according to local reports. A $1mn investment in the manufacture of leather, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    6 days ago
  2. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    7 days ago
  3. Russia’s war economy boosted by rising oil prices
    8 days ago
  4. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  5. Russia’s $13.4bn current account surplus in March second highest since 2007
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    24 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    29 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    27 days ago
  5. UBN: Russia could take the Baltic states in 48 hours
    1 month ago

Reports

Dismiss