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ISTANBUL: Turkey's consumer confidence tumbled to 55.3 points in May from 63.5 points in April, Turkish Statistical Institute data showed on Tuesday, hitting the lowest level since the data was first published in 2004.

The confidence level dropped below the 57.6 points hit in October and was also below the 55.7 of November 2008. A confidence level below 100 reflects a pessimistic outlook and would need to rise above 100 to indicate optimism.

Copyright Reuters, 2019

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