Turkish Consumer Confidence İndex Down İn May

Confidence of Turkish consumers in the economy fell by 13% in May, the Turkish Statistical Institute (TurkStat) said Tuesday.



On a monthly basis, the index was valued at 55.3 in May, down over eight points versus the previous month, the statistical authority said.



In April, the consumer confidence index rose 6.9% to 63.5 from 59.4 in March.



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



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