Turkish Consumer Confidence Improves In May

Turkey's consumer confidence increased slightly in May, after falling sharply in the previous month.

The consumer confidence index rose to 67.6 in May from 67.3 in April, the consumer tendency survey carried out in cooperation with Turkstat and the central bank showed Friday.

A score below 100 indicates that pessimists outnumber optimists.

The indicator reflecting the assessment of the current financial situation decreased to 48.5 in May from 49.1 in April.

The index measuring the financial situation expectation over the next twelve months advanced to 66.5 from 63.9.

Consumers' view about the future general economic situation fell in May and the relevant indicator dropped to 66.3 from 67.3.

The assessment on spending money on durable goods over the coming twelve months improved with the index rising to 89.0 from 88.8 in the previous month.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois. Natreve, a premium wellness company, is recalling certain Vegan Protein Powder due to undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The recall involves specific batches of its Vegan Protein Powder French Vanilla Wafer Sundae flavor. The impacted products are stored in 13 oz (10 servings) and 1.47lb (18 servings) white tubs. The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to
Follow RTT