Turkish consumer confidence index down in February

Confidence of Turkish consumers in the economy fell 2.7% this month, Turkey's statistical authority said on Thursday.

On a monthly basis, the index was valued at 57.3 in February, down over one point versus the previous month, the Turkish Statistical Institute (TurkStat) announced.

In January, the consumer confidence index rose slightly 0.1% to 58.8 versus December 2019.

The index value is jointly calculated by TurkStat and the Central Bank of Turkey through measurement of consumer tendencies.