December 3, 2021, 13:45

    Turkish consumer confidence slides to record low in November

    Turkish consumer confidence slides to record low in November

    ISTANBUL, Nov 22 (Reuters) – Turkish consumer confidence tumbled 7.3% to 71.1 points in November, official data showed on Monday, its lowest level since the data was first published in 2004 reflecting a selloff to all-time lows in the lira currency.

    Confidence plunged last year due to pandemic fallout before a rebound that began fizzling in October of this year. A confidence level below 100 reflects a pessimistic outlook, while a reading above 100 indicates optimism.

    In October, consumer confidence had dropped to 76.8 points from 79.7 points the previous month, the Turkish Statistics Institute data showed.

    Register now for FREE unlimited access to reuters.comRegisterReporting by Daren Butler; Editing by Jonathan Spicer


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