Turkey’s consumer confidence increases in May despite coronavirus

0
27
March 22, 2020, The Hague, Netherlands: People still seen in huge numbers at the boulevard of Scheveningen despite advice to stay home as a preventive measure against the coronavirus crisis. (Credit Image: © Robin Utrecht/SOPA Images via ZUMA Wire |

Turkey’s consumer confidence index rose to 59.5 points in May, data from the Turkish Statistical Institute showed on Wednesday, climbing from April’s 54.9 — its lowest level since the data were first published in 2004, Reuters reported.

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

The coronavirus outbreak has slowed the economy and sapped consumer confidence.

Turkish Minute

LEAVE A REPLY

Please enter your comment!
Please enter your name here