Consumer confidence improves in Türkiye in November

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's consumer confidence improved 1.6% to 85 in November from October, the Turkish Statistical Institute (TurkStat) said Thursday.

All sub-indexes posted gains in November, official data showed, while the highest increase was seen in the present financial situation of households with 2.7%.

The financial situation expectations of household over the next 12 months sub-index gained 1.9%, and the general economic situation expectations over the next 12 months rose 1.3%.

The assessment on spending money on durable goods over the next 12 months sub-index climbed 0.9%.

The economic confidence index, a key indicator of the overall economic situation, hovers between 0 and 200. A reading above 100 indicates optimism about the overall economic outlook, while a value below 100 reflects a more pessimistic assessment.