Turkish consumer confidence surges in March

By Muhammed Ali Gurtas

ANKARA (AA) - Turkish consumers' confidence in the economy surged in March, the country's statistical authority announced Thursday.

On a monthly basis, the consumer confidence index climbed 2.7 percent to stand at 59.4 this month.

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

Last month, the figure was 57.8, down 0.7 percent from January's 58.2.

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