Türkiye's consumer confidence hits 59-month high

By Gokhan Ergocun

ISTANBUL (AA) - The consumer confidence index in Türkiye reached 91.1 in May, hitting a 59-month high, according to official figures on Monday.

The index was up 4% from 87.5 in April, the country's statistical authority TurkStat said.

It was at 92.9 in July 2018.

TurkStat calculates the index based on survey results between 0 to 200, as the index indicates an optimistic outlook when it is above 100 but a pessimistic outlook when it is below 100.