Türkiye's consumer sentiment falls in July

ANKARA

Turkish consumer sentiment weakened for the second consecutive month in July, according to data released on Thursday.

The consumer confidence index fell 5.9% month-on-month to 80.1 in July, the Turkish Statistical Institute (TurkStat) data showed.

Sub-indices for general economic situation expectations over the next 12 months plunged 11.3%, while financial situation expectations of households over the next 12 months dove 7.7%.

The index for the present financial situation of households fell 6.6% in July from the month prior.

On the other hand, assessments on spending for durable goods over the next 12 months rose 1.5%.

The index is a vital gauge of the economy's overall performance, indicating public sentiments on financial standing and the general economic situation, along with spending and saving tendencies.

ANKARA

Turkish consumer sentiment weakened for the second consecutive month in July, according to data released on Thursday.

The consumer confidence index fell 5.9% month-on-month to 80.1 in July, the Turkish Statistical Institute (TurkStat) data showed.

Sub-indices for general economic situation expectations over the next 12 months plunged 11.3%, while financial situation expectations of households over the next 12 months dove 7.7%.

The index for the present financial situation of households fell 6.6% in July from the month prior.

On the other hand, assessments on spending for durable goods over the next 12 months rose 1.5%.

The index is a vital gauge of the economy's overall performance, indicating public sentiments on financial standing and the general economic situation, along with spending and saving tendencies.