Turkish consumer confidence index slips in February
Turkey's consumer confidence index slipped 7 percent in February, the Turkish Statistics Institute (TUIK) reported on Friday.The index fell to 66.64 points in February, down 4.98 points, or seven percent, from January.New data showed that a downward trend in consumer confidence which started in December continues.The worst deterioration among sub-indices was in the probability-of-saving index, suggesting less and less people expect to save money. The sub-index dipped 16.1 percent to 21.05 points.Worries about employment were another negative element in consumer confidence as the number-of-people-unemployed expectation index, a gauge of the health of labor market, was down 10.1 percent to 66.17 points. General economic confidence also dropped by 5.9 percent in February, the report said. The financial-situation-expectation index was the least negatively affected according to TUIK, as it fell 3.1 percent-a relatively positive reading compared to steep declines in other sub-indices.
Last Update: February 19, 2016 11:54