Turkish consumer confidence index declines to 80.1 in July

The index, which is calculated based on the results of the consumer tendency survey conducted jointly by the Turkish Statistical Institute and the Central Bank of the Republic of Türkiye, experienced a decrease of 5.9%.

The latest data indicates a dip in consumer confidence, suggesting a potential cautious outlook among Turkish consumers amid economic uncertainties and challenges.

As the index serves as a key indicator of consumer sentiment, the decrease in July is likely to draw attention from policymakers and analysts, who will be closely monitoring the implications on consumer behavior and overall economic performance in the coming months. (ILKHA)