Turkey’s consumer confidence index rose to 68.75 in May from 68.46 in April 2016

Turkey’s consumer confidence index rose to 68.75 in May from 68.46 in April, increasing for the third straight month, data from the Turkish Statistics Institute (TÜİK) showed on May 23. This shows the increasing degree of optimism that consumers feel about the overall state of the economy and their personal financial situation. The index hit a six-year low of 58.52 in September in 2015 but has subsequently recovered. The sole improvement among sub-indices was seen in May’s general economic situation expectations index, rising 3 percent from the previous month to 93.71 points. The financial situation expectation of household index was 89.94, remaining unchanged from the previous month. More news here.