Turkey's consumer confidence in July is down 2.7 percent from last month, the Turkish Statistical Institute (TurkStat) reported on Thursday. The consumer confidence index, seen as a gauge for consumers' sentiments toward the economy for the next 12 months, dropped to 64.66 in July from 66.45 in June. Among sub-indices of the reading, the employment climate index led the loss with 7.2 percent to 63.89 points and the general economic situation expectation index saw a 5.8 percent loss to 84.33 points. Despite the significant deterioration in employment and general economic situation outlook, household financial situation sentiment registered a small 0.4 percent increase to 88.24. The probability of saving index increased by 13.7 percent and rose from 19.53 in June to 22.20 in July, indicating an improvement in the possibility of consumer savings.
