Consumer confidence in Turkey rose by 2.5% in June, reaching an index level of 87.9, according to data released by the Turkish Statistical Institute (TÜİK).
The survey, conducted in collaboration with the Central Bank of the Republic of Turkey, indicates a renewed sense of optimism among households after a period of subdued sentiment.
The uptick in the consumer confidence index suggests that domestic demand may be gaining traction, a critical factor for the Turkish economy as it navigates post-inflation stabilization.
Improved sentiment often precedes higher retail spending, which can support corporate earnings for consumer-facing sectors and provide a buffer against external headwinds.
This development aligns with broader global trends where consumer activity has shown resilience.
In the UK, for instance, retail sales volumes expanded sharply in May, driven by a surge in footfall during unseasonably warm weather.