Haberler      English      العربية      Pусский         Kurdî      Türkçe Delivering News and Insights Around the World Keltis
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 22/10/2020 03:23 
22.09.2020 14:12 News >> Turkey: Consumer Confidence Index Up In September

Turkey: Consumer Confidence Index Up In September

Consumer confidence index reaches 82 this month, up from 79.4 last month, official data shows.

UPDATES WITH TREASURY AND FINANCE MINISTER'S COMMENT
By Gokhan Ergocun
Consumer confidence in the Turkish economy increased in September, Turkey's statistical authority announced on Tuesday.
The consumer confidence index hit 82 this month, a 3.2% rise from 79.4 in August, the Turkish Statistical Institute (TurkStat) said.
The index value is jointly calculated by TurkStat and the Central Bank of Turkey through the measurement of consumer tendencies.
All sub-indices improved in September compared to last month, the TurkStat data showed.
The financial situation of household index at present compared to the last 12 months rose by 5.8% to 71.8 in September, from 67.9 in August.
The financial situation expectation of household index in the next 12 months reached 79.1, up 1.7% on a monthly basis.
The general economic situation expectation index in the next 12 months stood at 83.3 in September, rising 4.8% month-on-month.
Assessment on spending money on durable goods index over the next 12 months compared to the past 12 months increased by 1.3% to reach 93.8 in September, versus 92.6 in August.
"Two of the four sub-indices that compose the consumer confidence index have been updated in accordance [with] the recommendations of the European Commission General for Economic and Financial Affairs and in order to ensure the international comparability of the index," TurkStat said.
"The consumer confidence index calculated according to the before updated situation increased by 3.7% in September compared to the previous month; the index which was 59.6 in August became 61.8 in September," it added.
Consumers' assessments and expectations in nearly 20 economic and financial categories are measured in monthly tendency surveys.
The consumer confidence index, calculated from the survey results, is evaluated within a range of 0-200, indicating an optimistic outlook when the index is above 100, and a pessimistic one when it is below.
Berat Albayrak, the treasury and finance minister, said that the Turkish economy signals for a strong growth in the third quarter with the increase in the consumer confidence in September.
Economic data are positive, Turkey will close the year at a better position than predictions, the minister tweeted. -



        Latest News
Armed Man Takes Around 20 Hostages At Georgia Bank -30 minutes ago...
Gunman took three of the hostages and fled scene, setting remaining hostages free; search underway.
France Pays Tribute To Teacher Beheaded By Extremist 15 minutes ago...
Commemoration at Sorbonne University attended by French president, ministers, politicians and teacher's family.
South Sudan Records 15 New Polio Cases -1 minutes ago...
Official says cases caused by circulating vaccine derived poliovirus Type 2.
Ganja Victims Of Armenian Army Attacks Shelter In Dorm -30 minutes ago...
Hundreds of civilians lost their homes in Armenian army's attacks on Ganja, staying in university dorm for 4 days.
US Facing 'Distressing' Phase In COVID Pandemic: CDC -30 minutes ago...
Jay Butler, a top CDC official, said number of new cases climbing across three quarters of US.

 
      Top News
Turkish Troops Support Education In Kosovo Turkish Troops Support Education In Kosovo
US Lists 6 More China News Outlets As Foreign Missions US Lists 6 More China News Outlets As Foreign Missions
Armed Man Takes Up To 20 Hostages In Georgia Bank Armed Man Takes Up To 20 Hostages In Georgia Bank
White House Aims To Get Relief Bill Deal In 48 Hours White House Aims To Get Relief Bill Deal In 48 Hours
IMF Expects Multi-Speed Recovery In Asia-Pacific Region IMF Expects Multi-Speed Recovery In Asia-Pacific Region
Record Virus Numbers In Slovenia, Croatia, Bosnia Record Virus Numbers In Slovenia, Croatia, Bosnia
Libya's Warring Sides Agree To Open Land, Air Routes: UN Libya's Warring Sides Agree To Open Land, Air Routes: UN
UK: Johnson Unilaterally Imposes Lockdown On Manchester UK: Johnson Unilaterally Imposes Lockdown On Manchester
Italy Reports Nearly 11K New Daily COVID-19 Infections Italy Reports Nearly 11K New Daily COVID-19 Infections
Turkey Sends 7 Truckloads Of Aid To Northwestern Syria Turkey Sends 7 Truckloads Of Aid To Northwestern Syria