RTTNews - Turkey's consumer confidence indicator increased to 83.28 in May from 80.75 in April, a report by the Turkish Statistical Institute or Turkstat said Tuesday.
The statistical office said the increase in consumer confidence stemmed from the improvements in consumers' assessments concerning purchasing power in the present and next period, general economic situation and job opportunities in the next period.
In May, the index measuring purchasing power in the present period increased to 70.24 from 67.89, while the index for purchasing power in the next six months moved up to 77.28 from 75.05 in April. Consumers' assessment of the general economic situation in the next three months edged up to 75.64 from 70.81, while their assessment about job opportunities in the next six months improved to 74.18 from 70.15.
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