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Turkish consumer confidence surges going into 2021

by DAILY SABAH

ISTANBUL Jan 21, 2021 - 12:22 pm GMT+3
Women shop at a local market in Istanbul, Turkey, Jan. 12, 2021. (Reuters Photo)
Women shop at a local market in Istanbul, Turkey, Jan. 12, 2021. (Reuters Photo)
by DAILY SABAH Jan 21, 2021 12:22 pm

Turkey’s consumer confidence index surged to 83.3 points in January from a month earlier, official data showed Thursday.

The index was up from 80.1 points in December, according to the Turkish Statistical Insitute (TurkStat).

Measures to combat the COVID-19 pandemic brought the economy to a near standstill in April, when consumer confidence dropped. The index dropped 2.2% in November as Turkey reintroduced certain restrictions and remained flat in December.

A confidence level below 100 reflects a pessimistic outlook, while a reading above 100 indicates optimism.

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