According to the monthly consumer tendency survey released by the Turkish Statistical Institute (TUIK), the consumer confidence index* in Turkey, which stood at 66.64 points in February, increased by 0.5 percent month on month in March this year to 67 points, following the seven percent month-on-month decline in February.
According to the indices based on individual questions asked of Turkish consumers concerning the consumer tendency, in March the index for the general current economic situation decreased by 1.1 percent month on month to 86.5 points, while the index for the general economic situation in the next 12 months declined by 0.7 percent compared to January to 89.4 points.
Meanwhile, in March the index for whether the present is a good time to purchase durable goods decreased by one percent to 66.9 points, while the index for the probability of buying durable goods in the next 12 months was up by 0.2 percent to 96.4 points, both on month-on-month basis.
In March, the probability of buying a car in the next 12 months was up by 7.4 percent to 12.3 points and the index for the probability of buying or building a home in the next 12 months increased by 2.6 percent to 8.8 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.