logo
  

Turkish Consumer Confidence Strongest In 16 Months

Turkish consumer confidence increased to the highest level in more than a year in January, a survey conducted in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey showed on Monday.

The consumer sentiment index improved to 79.1 in January from 75.6 in December. This was the highest reading since September 2021.

A score below 100 indicates that pessimists outnumbered optimists.

Among the four sub-indices of consumer confidence, assessment of the current financial situation grew in January, with the index rising to 61.6 from 57.4 in December.

The index for the future financial situation of households climbed to 79.9 from 75.4 in December.

The general economic situation expectations index also advanced in January, to 82.7 from 77.3. Meanwhile, assessment on spending money on durable goods over the coming year weakened to 92.2 from 92.6.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Consumer Product Safety Commission or CPSC announced recall of thousands of children's Robes made in China and sold exclusively on Amazon.com by various companies. The recalled robes fail to meet the federal flammability standards for children's sleepwear, posing a risk of burn injuries to children. Further, citing the same concerns, Paper Cape children's pajamas manufactured in Peru ... Health services company Cigna Corp. reported Friday higher profit in its fourth quarter reflecting growth in both Evernorth and Cigna Healthcare segments. Adjusted earnings and topline beat market estimates. Looking ahead for fiscal 2023, the company projects adjusted earnings and adjusted revenues to be higher than last year, but below market view. French drug major Sanofi SA reported Friday higher profit in its fourth quarter with strong revenue growth mainly with strong sales of Dupixent. Looking ahead for fiscal 2023, the company projects higher business earnings, but the expected growth is slower than recorded in fiscal 2022. Sanofi shares were losing around 4 percent in the morning trading in Paris as well as in pre-market activity...
Follow RTT