ANKARA
Türkiye’s consumer sentiment was broadly stable at 80.51 in May, the highest since June 2023, according to data released on Thursday.
The consumer confidence index rose 0.1% from a month earlier, the Turkish Statistical Institute (TurkStat) data showed.
Sub-indices for general economic situation expectation over the next 12 months and financial situation of household at present rise by 0.2% and 0.4%, respectively from the prior month.
Assessments on spending for durable goods over the next 12 months, on the other hand, dropped 0.3% month-on-month in May.
The index for financial situation expectations of households over the next 12 months was unchanged compared to April.
The index is a vital gauge of the economy’s overall performance, indicating public sentiments on financial standing and the general economic situation, along with spending and saving tendencies.
