Business · Economy · 1 hr ago
Turkey’s consumer confidence falls to 84.8 in October
Turkey’s consumer confidence index fell to 84.8 in October, down from 91.9 in September, according to the Turkish Statistical Institute.
The survey measures how people view their finances and the economy, and what they expect to spend or save.
Expectations for the economy and household finances weakened, with the outlook for the economy over the next year down 9% from September.
People were also less likely to say they might buy a home or car in the coming year.
The chance of buying a home fell 12.3%, while the chance of buying a car fell 17.6%.
At the same time, the likelihood of borrowing to finance consumption in the next three months rose 3%.
Experts linked the drop in confidence to the effects of a fund crisis on markets, but no further developments were given.
Turkey’s consumer confidence index fell 7.7 percent month-on-month to 84.8 in October from 91.9 in September.
All major sub-indices declined, according to data from a survey conducted by the Turkish Statistical Institute and the Central Bank.
The index measuring expectations for the general economic situation over the next 12 months fell 9 percent to 81.7.
The index measures consumer confidence on a scale from 0 to 200, with readings below 100 indicating a pessimistic outlook.
Ekonomim reported that experts linked the decline to the market effects of a fund crisis.
- Who
- Turkish consumers, as measured in a survey conducted by the Turkish Statistical Institute and the Central Bank.
- What
- Consumer confidence fell 7.7 percent to 84.8.
- When
- October 2026.
- Where
- Turkey.
- Why
- Ekonomim reported that experts linked the decline to the market effects of a fund crisis.
This story does not have two clearly opposing sides.
The consumer confidence index rose 1.3 percent to 91.9, according to Hürriyet Daily News.
The index fell 7.7 percent month-on-month to 84.8.
- Consumer confidence index
- 84.8 in October
- Monthly change
- Down 7.7 percent from September
- September index
- 91.9
- 12-month economic expectations index
- 81.7, down 9 percent
- Index scale
- 0 to 200; readings below 100 indicate a pessimistic outlook