Turkey’s consumer confidence stays in pessimistic territory in June: report

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Photo by Ryoji Iwata on Unsplash

Turkey’s consumer confidence index edged up to 62.6 points in June from 59.5 the previous month, remaining deep in pessimistic territory, data from the Turkish Statistical Institute (TurkStat) showed on Monday, Reuters reported.

Fallout from the coronavirus pandemic brought the economy to a near standstill and sent consumer confidence down to 54.9 points in April, its lowest level since the data were first published in 2004.

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

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