The index ranges from zero to 200. An index value greater than 100 implies consumers are overall optimistic. Similarly, an index value of less than 100 indicates pessimism. The index had dropped by one point in October from the previous month.
Turkish consumers cited the government’s democratic initiative, swine flu and terrorism as the country’s most pressing issues in November.
In terms of the index’s data sub-sets, the rating of the domestic financial situation for the next 12 months decreased by 2.9 points and was 92 for November. The expectation of the general economic situation in the country for the next 12 months also fell from October’s 103 points to 93.3 last month. The expectation for the unemployment rate dropped from 71.5 in October to 63.7 this month, slipping 7.8 points. Consumer savings tendencies, on the other hand, rose by 1.1 points to 47.1.
