Turkish consumer confidence edges higher in May
Turkish consumer confidence ticked up by 0.3 percent month-on-month to reach 85.8 points in May, according to a joint survey by the Turkish Statistical Institute (TÜİK) and the Central Bank released on May 18.
The slight increase follows a 0.5 percent rise recorded in April.
Despite the sequential improvement, the overall sentiment remains anchored in pessimistic territory. The consumer confidence index operates on a scale of 0 to 200, where any reading above 100 indicates an optimistic outlook.
The sub-index measuring the financial situation of households at present dropped by 3.5 percent month-on-month, accelerating from a 1.4 percent decline observed in April.
