Consumer confidence in Türkiye reached its highest level in more than eight years in September, official data showed Tuesday.
The consumer confidence index rose by 1.3% to 91.9 in September from 90.8 in August, according to the Turkish Statistical Institute (TurkStat)
That was the highest reading since July 2018, when the index stood at 92.9.
The index is calculated from the results of the consumer tendency survey carried out jointly by TurkStat and the Central Bank of the Republic of Türkiye (CBRT).
It indicates an optimistic outlook when above 100, while levels below 100 signal pessimism.
Households' expectations for their financial situation over the next 12 months improved, with the corresponding index rising to 93.7 from 93.1.
The index measuring expectations for the general economic situation over the next 12 months edged up to 89.8 from 89.4.
By contrast, the index measuring households' current financial situation slipped to 75.3 from 75.4.
Consumers were also more willing to spend on durable goods over the coming year, with the corresponding sub-index rising to 108.8 from 105.1 in August.
