ANKARA
Consumer confidence index (CCI) dropped 0.2 percent in December compared to November in 2012.
According to a survey conducted by Turkish Statistical Institute (TurkStat) and Turkish Central Bank, the CCI, which was 89.2 in November, decreased to 89 in December.
The decline was due to the setback of the evaluations on the consumer purchasing power in the current term, consumer purchasing power in the coming term, and buying time condition of durable goods in the current term.
The survey measures consumers' personal financial situations, their evaluations on general economy, and their expectations for the coming term and determines their spending tendencies in the near future.
The index has a range from 0 to 200. If the index gets a value greater than 100, this implies that the rate of optimists is more than the rate of pessimists. Similarly, if the index gets a value less than 100, the rate of pessimists is more than the rate of optimists.
