Business

Turkish consumer confidence index rises in April

Turkish consumer confidence index rises in April

Turkish consumer confidence index rises in April

Turkey's consumer confidence index was higher month-on-month in April, according to official data released on Thursday.

The index rose 5.1 percent to 71.3 in April from March, the Turkish Statistical Institute said in a report.

All sub-indexes were higher with the probability of saving index — indicating people's expectation on earning enough money to save — showing the sharpest increase, up 26.3 percent to hit 25.1 points from 19.9 in March.

"The general economic situation expectation index which was 93.2 in March increased by 3.3 percent and became 96.2 in April. This increase shows that number of consumers expecting a better general economic situation in the next 12 months increased compared to the previous month," the institute said.

The unemployment expectations index, a gauge of sentiment about the health of the labor market, also saw a rise of 3.7 percent to 73.1 points.

The financial situation expectations of households index also rose 3.4 percent from March to attain 90.7 points suggesting that more people were expecting a better financial situation in the upcoming year.

The consumer confidence index is seen as a vital gauge of the overall health of the economy, indicating people's sentiments about spending their money, which in turn gives clues about economic vitality.

Source: Daily Sabah

Share

Business
@https://www.twitter.com/GoodMorningTR

GoodMorningTurkey.com is your online news source about Turkey which has become one of the most closely followed and frequently discussed countries in the world. Turkey is increasingly becoming involved in world affairs, with its positive economic developments and intercultural interactions. Being strategically located between Asia, Europe and Middle East, geographically Turkey is playing an important role in the world affairs. Turkey has become world focus, and a role model country for many surrounding neighbors as a result of the recent developments and changes in the region.

More in Business

Number of Iranian tourists to Istanbul on the rise, could surpass Germans

Good Morning TurkeyAugust 23, 2017

Turkish consumer confidence index slightly drops in August

Good Morning TurkeyAugust 23, 2017

Turkey sets global example in inclusive growth

Good Morning TurkeyAugust 22, 2017

2nd Credit Guarantee Fund may be established

Good Morning TurkeyAugust 22, 2017

Local discount chain Şok plans IPO next year

Good Morning TurkeyAugust 22, 2017

Turkish lira enjoys ‘festive’ climate in currency markets against dollar

Good Morning TurkeyAugust 22, 2017

PM Yıldırım’s Vietnam visit deemed linchpin for bilateral ties

Good Morning TurkeyAugust 22, 2017

European egg crisis presents opportunity for Turkish exporters

Good Morning TurkeyAugust 22, 2017

Turkey’s cherry exports since April reach $155M

Good Morning TurkeyAugust 22, 2017

GoodMorningTurkey.com is your online news source about Turkey which has become one of the most closely followed and frequently discussed countries in the world. Turkey is increasingly becoming involved in world affairs, with its positive economic developments and intercultural interactions. Being strategically located between Asia, Europe and Middle East, geographically Turkey is playing an important role in the world affairs. Turkey has become world focus, and a role model country for many surrounding neighbors as a result of the recent developments and changes in the region.

Pages

  • About Us
  • Advertise Us
  • Contact Us
  • Register
  • Copyright ©2013 - 2015 Good Morning Turkey. Powered by Design Media Land,LLC.