RTTNews - Turkey's consumer confidence index increased to 80.75 in April from 74.77 in March, the Turkish statistical Office said Monday.
A reading above 100 indicates an optimistic outlook, while a reading below 100 reflects a negative outlook.
The increase in the consumer confidence was driven by improvements in all of the main sub indicators including consumers' assessment regarding purchasing power in the present and future period, general economic situation and job opportunities in the next period and buying time condition of durable goods in the present period.
In April, consumer's assessment regarding the general economic situation in the next three months climbed to 70.81 from 64.59 in March, while consumer sentiment regarding job opportunities in the next six months improved to 70.15 from 67.84.
The index measuring the purchasing power in the present period increased to 67.89 from 62.77, while the index measuring the purchasing power in the next six months rose to 75.05 from 70.66. Moreover, the gauge measuring the buying time condition of durable goods in the present period jumped to 119.86 from 108 in March.
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