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Turkish consumer confidence index down in May

Turkish consumer confidence index down in May
Index posts monthly decline of 13% in May, says country's statistical authority

By Gokhan Ergocun

ISTANBUL (AA) - Confidence of Turkish consumers in the economy fell by 13% in May, the Turkish Statistical Institute (TurkStat) said Tuesday.

On a monthly basis, the index was valued at 55.3 in May, down over eight points versus the previous month, the statistical authority said.

In April, the consumer confidence index rose 6.9% to 63.5 from 59.4 in March.

The index value is jointly calculated by TurkStat and the Central Bank of Turkey through measurement of consumer tendencies.

In 2018, the index value hovered between 72.7 and 57.6 -- the highest being in July and the lowest in October.

source: News Feed
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