Sentiment among Turkish consumers improved in May due mainly to better assessments concerning future purchasing power, general economic situation as well as job opportunities.
The consumer confidence index rose to 92.1 in May, after falling to 91.1 in the previous month. The index indicates an optimistic outlook when the reading is above 100, but it gives a pessimistic outlook when it is below 100.
The assessment of their purchasing power at present improved with the relevant index ticking up to 87.4 from 85.9 in April. Expectations regarding their purchasing power in the next six month also improved, but only marginally. The index measuring expectations of the general economic situation rose to 91 from 89.8.
The indicators for job opportunities and propensity for heavy purchases increased to 94.4 and 98.1 respectively during the month.
by RTT Staff Writer
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