In January 2025, Turkey's Thomson Reuters IPSOS Primary Consumer Sentiment Index (PCSI) saw a marked increase, ending the month at 33.1, up from the previous value of 31.6 recorded in December 2024. Updated on January 9, 2025, these figures hint at a growing consumer confidence in the Turkish economy.
The 1.5-point rise in the PCSI indicates a subtle but positive shift in the economic outlook among Turkish consumers. This uptick could suggest a variety of factors at play, ranging from a potential plateauing of inflationary pressures to increased consumer spending during the holiday season, sparking an air of cautious optimism.
As Turkey continues to navigate complex global economic conditions, this increase heralds a moment of optimism for stakeholders and policymakers. It remains critical to monitor how this improved sentiment translates into economic activity in the coming months.
