Posted by meb at January 17th, 2013
According to data released by the Turkish Statistics Institute (TurkStat) on Wednesday, the consumer confidence index fell by 0.2 percent in December, down to 89 points.
The data, which is prepared by TurkStat in cooperation with the Central Bank of Turkey, review the current purchasing power of consumers as well as consumers’ estimated purchases in the future. The favorability of the existing period for purchases of durable consumer goods is also included. The fall in the index is a result of worsening consumer evaluations. The largest fall was seen in the current purchasing power category.
The index was 89.2 points in November. In December, the purchasing power index also fell to 84.9 from 86.3 compared to the previous half. The responses of participants in the survey were sufficiently positive to push the general economic forecast index for the coming three months up from 86.3 in November to 86.6 in December.
The expectations of survey takers regarding the possibility of finding jobs in the next six months also rose from 90.4 percent in November to 91.3 percent in December.