Türkiye's consumer confidence improves slightly in March

ISTANBUL

Consumer confidence index in Türkiye was at 79.4 in March, increasing slightly by 0.02% from February, the Turkish Statistical Institute (TurkStat) said on Wednesday.

Among sub-indexes, the financial situation expectation of households over the next 12 months rose by 0.9%, while general economic situation expectation over the next 12 months rose by 0.4%.

Meanwhile, the financial situation of households at present and the assessment on spending money on durable goods over the next 12 months indexes dropped by 0.7% and 0.5%, respectively.

In February, the confidence index was at 79.3.

Calculated from the monthly survey, results are evaluated within a range of 0-200. Confidence indexes above 100 signal an optimistic outlook, and a pessimistic outlook when below 100.