Turkish Consumer Confidence Rises 72.5% in March

Turkish consumer confidence rose 1.3 percent to 72.5 points in March, official data showed on Wednesday, rebounding from a dip last month and ignoring any impact of the conflict in Ukraine.

Turkish consumer confidence hit a record low in December due to the depreciation of the lira. It had plunged in 2020 due to the repercussions of the Covid-19 pandemic, and then witnessed a recovery that began to undo in October last year.

A CCI reading below 100 points to a pessimistic outlook, while a reading above that level indicates optimism. In February, the index scored 71.2 points.