Turkish consumer confidence down in April

By Mucahithan Avcioglu

ISTANBUL (AA) - Consumer confidence in Türkiye reversed its upward trend in April, according to data released on Tuesday.

The consumer confidence index decreased 2.3% from a month ago to 83.9 points in April, the Turkish Statistical Institute (TurkStat) said.

This followed a 4.6% monthly increase in March.

The sub-index measuring households' current financial situation fell 2.5% month-on-month in April, while expectations for the general economic situation or the next 12 months also declined 2.2%.

The index tracking spending on durable goods over the next 12 months saw a 3.8% fall during the same period.

The sub-index reflecting household financial situation expectations for the next 12 months decreased 0.5% from the prior month.

The consumer confidence index serves as a key indicator of the economy's overall health, capturing public sentiment regarding financial conditions, the broader economic outlook, and spending and saving intentions.