Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Turkey’s seasonally adjusted consumer confidence index increased by 1.5pc to 84.5 in February against 83.3 in the previous month, reaching its highest point over the past two years, according to Turkish Statistical Institute (TUIK or TurkStat). 


The consumer confidence index was 79.6 in February 2020 and 79.2 in February 2019.


The financial household index compared to the last 12 months rose by 4.1pc to 66.3 this month from 63.7 in January. The forward 12-month financial household index climbed by 8pc to 84.5 in February. The 12-month economic situation expectation index increased by 4pc to 91.7 in February against 88.2 in January. 


The assessment of money spent on semi-durable goods over the next three months against the past 12 months moved above 100 to 105.3. Contrary to other indexes, the 12-month spending money on durable goods index fell by 1.9pc to 95.5 in February against 97.3 in the previous month. 


The index is evaluated on a 0-200 scale with optimism above 100 and it is jointly calculated with measurements of consumer tendencies by TurkStat and the Central Bank of Turkey. 

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