Consumer confidence in Türkiye at 4-month high in September
People shop at a fresh market, Istanbul, Türkiye, July 5, 2023. (Reuters Photo)


Consumer confidence in Türkiye reached its highest level in four months in September, according to data from the country's statistical authority on Friday.

The consumer confidence index rose by 2.4% to 78.2 in September versus August, the Turkish Statistical Institute (TurkStat) said.

That is up from 76.4 in August and marked the highest level since May.

Among sub-indexes, general economic situation expectation over the next 12 months posted highest increase with 4.2%.

Financial situation of household at present index rose by 2.8%, and assessment on spending money on durable goods over the next 12 months increased by 2%.

Financial situation expectation of households over the next 12 months index rose by 1%.

The consumer confidence index can take value between 0 and 200, it indicates an optimistic outlook if above 100, but pessimistic when below 100.