Turkey: Consumer sentiment rises in March
Consumer sentiment rose to 72.5 in March from February’s 71.2. However, the index remained entrenched below the neutral 100-threshold that separates pessimism from optimism among Turkish consumers.
The headline uptick came on the back of less downbeat views on households’ financial situation in the next 12 months and the general economic situation in the same time period. Furthermore, the probability of purchasing big-ticket items improved somewhat. On the other hand, consumers viewed their current financial situation as worse.