Consumer confidence in Turkey saw a notable uptick in March, climbing to 85.9, according to a statement released Friday by the Turkish Statistical Institute (TurkStat).

The latest figure reflects a 4.6% increase from February’s index of 82.1, pointing to growing optimism among Turkish consumers.

The consumer confidence index, a key economic indicator, is derived from the consumer tendency survey conducted jointly by TurkStat and the Central Bank of the Republic of Türkiye. The survey assesses households’ perceptions of current economic conditions and their expectations for the future, offering insights into spending behavior and economic sentiment.

The rise from February to March suggests a strengthening in consumer trust, potentially driven by improving economic factors or policy measures. Analysts will likely monitor subsequent reports to determine if this upward trend continues, as it could signal broader economic stabilization in the country.

Further details on the survey results are expected to be released by TurkStat in the coming days, shedding more light on the factors fueling this boost in confidence. (ILKHA)