Consumer Confidence in Turkey Fell by 7.7 Percent.
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According to Turkish Statistical Institute (TÜİK) data for October, the consumer confidence index fell by 7.7 percent to 84.8, reaching its lowest level in nine months. The article, "Fund scandal shakes confidence in the economy: Sharpest drop in consumer confidence in nine months," was first published on Serbestiyet.
One of the topics of journalist Gülü Özgan in Radio Sputnik's Place and Time program today was the decline in the consumer confidence index. Özgan noted that the index decreased to 84.8 in October, and pointed out the relationship between consumer confidence in past election periods and the vote rates of the government.
HÜSEYİN GÖKÇE / ANKARA In October, when all sub-indices experienced a decline, the general economic situation expectation for the next year decreased by 9 percent, and the household financial situation expectation decreased by 7.7 percent...
Consumer confidence in Turkey fell by 7.7 percent. The Turkish Statistical Institute (TÜİK) announced the consumer confidence index data for October.
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