Forex News

Consumer confidence in Turkey deteriorated sharply in September

Turkey's consumer confidence deteriorated sharply in September, weakened for the second consecutive month, to the lowest level in three years, according to a survey of the Turkish Statistical Institute on Thursday.

The consumer confidence index fell to 59.3 from 68.3 in August . The indicator was the lowest since September 2015, when the value was 58.5.

All subindexes declined in September, taking into account the indicator reflecting the likelihood of saving, with the largest decrease of 25.9 percent.

The indices of the financial situation and general economic conditions have decreased.

The number of people expecting a decrease in the number of unemployed during the next 12 months has also decreased.