At the end of the year, Turkish consumer spending fell as the sentiment indicator fell to 58.8 in December 2019 from 59.9 in November 2019 , the lowest indicator since April this year.
As a result, the index stayed below the 100 mark neatly anchored., separating pessimism from optimism within Turkish households.
The decline in consumer confidence in almost all subcomponents came on the back of a downturn.
The expectations of consumers about the projected financial situation of households have deteriorated, this is probably linked to the parallel perception that unemployment will rise in the future: although the Turkish economy has shown gradual signs of recovery, the recovery remains weak.
However, the view of customers on the general economic situation became more negative in the year ahead. In addition, the probability of Turks saving increased considerably, given interest rates dropping in the second half of this year due to the Central Bank's fast easing process.