According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 76.6 points in November this year, was down by 1.3 percent month on month in December this year to 75.6 points, having previously increased by 0.6 percent month on month in November.
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in December the index for the general current economic situation declined by 5.3 percent month on month to 48.0 points, while the index for the general economic situation in the next 12 months decreased by four percent compared to November to 77.3 points.
Meanwhile, in the given month, the index for whether the present is a good time to purchase durable goods rose by 13.5 percent to 48.4 points, while the index for the probability of buying durable goods in the next 12 months moved up by 0.7 percent to 92.6 points, both on month-on-month basis.
In December, the probability of buying a car in the next 12 months dropped by 3.7 percent to 13.4 points and the index for the probability of buying or building a home in the next 12 months decreased by 14.6 percent to 9.2 points, both month on month.
*When the index is above 100 it indicates an optimistic outlook, when it is equal to 100 it indicates a neutral outlook and below 100 it points to a pessimistic outlook.