Consumer confidence rises in January

The Statistical Institute of Turkey released the Consumer Confidence Index data for January 2023.

Accordingly, the seasonally adjusted Consumer Confidence Index calculated from the results of the Consumer Trend Survey conducted in cooperation with the Turkish Statistical Institute (TUIK) and the Central Bank of the Republic of Turkey increased by 4.6 percent in January compared to the previous month.

The index, which was 75.6 in December, became 79.1 in January.

With the monthly survey of consumer trends, the evaluation of the current situation of consumers in terms of their financial situation and general economy, their expectations for the future and their spending and saving trends is measured.

The consumer confidence index calculated from the survey results can take values ​​in the range of 0-200. A consumer confidence index above 100 indicates an optimistic situation, while an index below 100 indicates a pessimistic consumer confidence.