Business & Finance
Turkish consumer confidence rises to 86.7 points in March
- A confidence level below 100 reflects a pessimistic outlook, while a reading above 100 indicates optimism.
ISTANBUL: Turkey's consumer confidence index rose to 86.7 points in March from 84.5 points a month earlier, Turkish Statistics Institute data showed on Wednesday, climbing for the third consecutive month.
Measures to combat the COVID-19 pandemic brought the economy to a near standstill in April last year, when consumer confidence plunged. The index dropped 2.2% in November as Turkey re-introduced some measures and was flat in December before rebounding this year.
A confidence level below 100 reflects a pessimistic outlook, while a reading above 100 indicates optimism.
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