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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
TURKEY JUNE CONSUMER CONFIDENCE 63.4; May 67.6
- Consumer sentiment dipped 4.2 points in June to 63.4, falling further into pessimistic territory below the breakeven mark of 100. This was a 6.2% m/m slide, following a modest 0.4% m/m improvement seen in May. The June reading beat the record low seen in April.
- Turkish households saw substantial declines in12-month expectations of their financial situations and the general economic situation, alongside a further decline in assessments of their current financial situation.
- The stark depreciation of the lira, soaring inflation of 73.5%, concerns regarding surging commodity prices and escalations in the Ukraine war make for a bleak outlook for Turkish consumer confidence.
Source: Turkstat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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