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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 JAN CONSUMER CONFIDENCE 79.1; DEC 75.6
- Turkish consumer confidence improved by +4.6% m/m in January to 79.1- the highest level since September '21.
- Solid improvements across current and expected household financial situations and the general economic situation boosted the index.
- This is likely underpinned by the over-20pp fall in headline CPI to +64.3% y/y as base-effects filter in and the slower monthly rate of +1.2% m/m in December.
- Despite the improvements, actual spending on durables 12-month outlooks weakened further, implying that the uptick in optimism will unlikely translate into a boost in consumer spending.
- Looking at the backcasted modelled series by TurkStat, the Turkish consumer confidence indicator has not passed the 100-point optimism threshold since 2006.
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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