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FX.co ★ Turkey Consumer Sentiment Index Drops to 33.8 in May

Turkey Consumer Sentiment Index Drops to 33.8 in May

According to the latest Thomson Reuters IPSOS PCSI data, consumer sentiment in Turkey took a hit in May 2024, dropping to 33.8 from the previous reading of 36.8 in April 2024. The significant decline reflects a growing cautiousness among Turkish consumers, possibly due to economic uncertainties or other factors impacting their confidence in the country's economic outlook. The data was updated on 9th May 2024, indicating a recent shift in consumer sentiment that market analysts will be closely monitoring for potential implications on consumer spending and overall economic growth in Turkey.

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