Declining consumer confidence in Turkey

Data published by the Turkish Statistical Institute on Monday showed a decline in consumer confidence in November compared to last month.
The index is a basic measure of the economy in general, as it reveals impressions about the financial and general economic situation, in addition to spending and saving trends.

And the Turkish News Agency quoted the Statistical Institute that the consumer confidence index fell to 71.1 this month, compared to 76.8 in October (October).

All sub-indices also declined this month, but the outlook for the financial situation was worse.

The financial outlook index for the next 12 months declined by 8.8% month-on-month to 68.9 in November.

The general economic situation expectations index also decreased by 8.1% to 68.2% this month, and the household financial situation index, by 7.5% to 56.1%.

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