FX.co ★ Turkey Consumer Confidence Falls to 5-Month Low

In July 2025, Turkey experienced a dip in its consumer confidence index, which fell to 83.5 from 85.1 in June, reaching its lowest level since February. This decline was evident across all subcomponents of the index. Households had a more negative perception of their current financial situation, seeing a drop to 68.2 from 69.3 last month, and their financial outlook for the coming year also diminished, decreasing from 85.8 to 84.6. Expectations regarding the broader economic climate reflected a similar downturn, with the index decreasing to 79 from 82.4. Moreover, consumers showed marginally less optimism about spending on durable goods in the next year, with the index slightly reducing to 102.3 from 102.6, and considered the present a less opportune time for saving, as indicated by a decline in this sentiment from 64.6 to 62.5. The likelihood of saving over the next 12 months also saw a minor decrease, from 42.4 to 41.4. Additionally, there was a notable shift in unemployment expectations, with more consumers anticipating an increase in unemployment over the next year, reflected in a drop in this index from 82.2 to 79.6.