Türkiye’s consumer sentiment plunges in June

Turkish consumer sentiment plummeted to a three-month low in June, the latest official figures released on Monday showed. A similar index complied by financial broadcaster BloombergHT reported a 3% decline MoM in June.   The consumer confidence index fell 6.5% month-on-month to 85.1 in June from a nearly five-year high of 91.1 in May, according to data by the Turkish Statistical Institute (TurkStat).   This was the strongest decline since April 2022. [embed]https://www.youtube.com/watch?v=yeYUXadF6Jg[/embed] Sub-indices for general economic situation expectations over the next 12 months fell 7.8%, while financial situation expectations of households over the next 12 months declined 8.8%.   The index for the present financial situation of households dropped 2.2% from a month earlier and assessments on spending for durable goods over the next 12 months were down 6.2%.   The index is a vital gauge of the economy's overall performance, indicating public sentiments on financial standing and the general economic situation, along with expenditure and saving tendencies.   Follow our  English language YouTube videos  @ REAL TURKEY:   https://www.youtube.com/channel/UCKpFJB4GFiNkhmpVZQ_d9Rg And content at Twitter: @AtillaEng Facebook:  Real Turkey Channel:   https://www.facebook.com/realturkeychannel/       Anatolian Agency