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  • 21-07-22

    Turkish consumer confidence records 7.4pct increase this month

    (MENAFN) As shown by the most recent numbers issued on Wednesday Turkey’s consumer confidence recorded a 7.4 percent increase this month.

    Statistics from the Turkish Statistical Institute (TurkStat) presented that from 63.4 last month, the consumer confidence index surged to 68 this month.

    The index is an important measure of the economy's total situation, measuring people's opinions on economic standing and the general financial condition, along with expenditure as well as saving tendencies.

    The economic condition of household, currently, went 4.2 percent higher to 46.4 this month.

    The index for the valuation of spending money on strong goods through the next year went 4.9 percent lower to 88.8.

    The general financial situation anticipation index rose the highest, by 15.2 percent, to 70.9, whereas the economic situation anticipation of households through the next 12 months increased 12.2 percent to 67.2.

    The consumer assurance index is accumulated from survey outcomes and estimated within a variety of 0-200, representing a positive viewpoint when the index is above 100 and a pessimistic one when it is below.

    MENAFN21072022000045014228ID1104566604

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