Turkiye’s consumer confidence index increased by 2.4 percent in September, reaching 78.2 points, according to the latest data released by the Turkish Statistical Institute (TurkStat). The rise reflects a positive shift in consumer sentiment compared to August, when the index stood at 76.4, reports Middle East Monitor.
The consumer confidence index is a key economic indicator, reflecting households’ expectations regarding financial conditions, employment opportunities and the general economic outlook. An increase in the index suggests that consumers are more optimistic about the country’s economic future, which may influence spending behaviours and stimulate economic activity.
Despite the positive trend, the index remains below the neutral threshold of 100, indicating that overall consumer confidence is still cautious. Nevertheless, the improvement signals hope for a gradual recovery as Turkiye navigates ongoing economic challenges such as inflation, currency fluctuations and global market volatility.
TurkStat’s survey also noted increases in sub-indices related to personal financial expectations and future economic conditions, suggesting that Turkish households are feeling more secure about their short-term financial prospects.
Experts are cautiously optimistic that if the trend continues, it could boost domestic consumption and support Turkiye’s economic recovery efforts heading into the final quarter of the year.
