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Consumer confidence in Turkey fell to a record level this month

2021-11-22T10:46:16.816Z


ANKARA, SANA- Turkish official data revealed today that consumer confidence in the country fell to a record level during the month of October


Ankara-Sana

Turkish official data revealed today that consumer confidence in the country fell to a record level during the month of November.

Reuters reported that consumer confidence fell 7.3 percent to 71.1 points this month, its lowest level since the data began to be published in 2004, in a reflection of the rapid selling of the Turkish lira to its lowest value ever.

The continuous deterioration of the Turkish currency is mainly due to the repeated interventions of the Turkish President Recep Tayyip Erdogan in monetary policy and the rapid changes he imposed in the leadership of the Central Bank.

Source: sena

All business articles on 2021-11-22

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