Türkiye consumer confidence highest since March 2025
TurkStat announced on Monday that Türkiye's consumer confidence index climbed to 85.8 in May, reaching its highest level since March as three of four sub-indexes pointed to improved sentiment despite a sharp decline in assessments of current household finances.
Türkiye's consumer confidence index rose to 85.8 in May, reaching its highest level since March, the Turkish Statistical Institute (TurkStat) announced on Monday. The reading edged up from 85.5 in April as households grew more optimistic about future economic conditions.
Mixed signals in sub-indexes
Three of the four main sub-indexes posted monthly gains, with the general economic situation expectation over the next 12 months rising 3.9 percent, according to the data. The financial situation expectation for the coming year increased 0.5 percent, while the assessment on spending money on durable goods improved marginally by 0.04 percent.
The financial situation of households at present was the only component to decline, dropping 3.5 percent from the previous month. This deterioration suggests immediate economic pressures continue to weigh on Turkish consumers even as they anticipate better conditions ahead.
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Economic sentiment gauge
The consumer confidence index serves as a key barometer of economic sentiment, reflecting household views on financial conditions and consumption intentions. Economists monitor the gauge for early signals of private spending trends in Türkiye's economy.
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