According to data from the Turkish Statistical Institute, a number of less than 100 suggests pessimism, whereas a reading of more than 100 shows optimism.
According to official data released on Friday, although it remained at a low level of 57. 5 points, the current financial status of Turkish families has seen the biggest increase in confidence. This increase was 8.4% from the previous month.
Due to the effects of the Coffee-19 outbreak, consumer confidence declined in 2020 before briefly recovering.
Prior to the currency crisis in December of last year, when confidence began to erode once more, this happened in October of that same year.
Despite high prices, Turkey’s consumer confidence is still increasing.
About Author
