Consumer confidence index up in March 2014

Friday, March 28, 2014

The consumer confidence index rose by 5 percent in March compared to February

The consumer confidence index rose by 5 percent in March compared to February

ANKARA - Turkey's Consumer Confidence Index (CCI) increased 5 percent in March 2014. The Turkish Statistical Institute (TurkStat) reported a 3.5 point increase to 72.7 points in March, from 69.2 in February.

The index shows that optimism is growing in Turkey's general economy for the next 12 months, with a 6.1 percent increase, and an index rise to 95.9 points in March, from 90.4 points in February. The expectation for the number of unemployed people index was 79.5 in March, an increase of 4.9 percent from February.

The financial expectation for household income in the next 12 months is 91.4 points, an increase of 2.9 percent compared to the previous month. 

The probability of savings index for the next 12 months increased by 9.6 percent in March, compared to the previous month, and rose from 22 in February to 24.1 in March.

The Consumer Confidence Indices shows how confident consumers feel about the stability of their incomes, which affects economic decisions and therefore serves as one of the key indicators for the overall shape of the economy.

The indices range between 0 and 200 points, with 100 points being a neutral outlook, above that point being optimistic and below being a pessimistic outlook.

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