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|
|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|
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