Consumer confidence in Turkey fell this month as the outlook for the economic situation in the country deteriorated.
Sentiment worsened to 78.2 from 79.5 in July, declining for the fourth month in five, data published by the Turkish Statistical Institute on Monday showed.
Turkey’s government is seeking to boost economic growth and prosperity as the COVID-19 outbreak lessens in intensity by continuing to bar companies from laying off workers and by encouraging banks to restructure the debts of industry.
Expectations for the general economic situation in the country fell to 75.3 in August from 83.2 the previous month, the institute said. Expectations for the financial situation of households also decreased.