Turkish consumer confidence falls slightly in January

ISTANBUL

The Turkish consumer confidence index fell in January, in a reversal from December's rise, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday.

The consumer confidence index fell 0.4% from the previous month to 81, data showed.

The sub-index for household financial situation expectations over the next 12 months dropped 1.7%, while the index measuring spending on durable goods for the same period was down 3.1% compared to the previous month.

In contrast, the index for households' current financial situation climbed 1.7% in January and general economic situation expectations over the next 12 months rose 3%.

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.

ISTANBUL

The Turkish consumer confidence index fell in January, in a reversal from December's rise, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday.

The consumer confidence index fell 0.4% from the previous month to 81, data showed.

In contrast, the index for households' current financial situation climbed 1.7% in January and general economic situation expectations over the next 12 months rose 3%.

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.