Turkey's consumer confidence weakens to 65.7 in February

Turkey's consumer confidence index weakened in February to 65.7 points from 66.9 points in the previous month, data from the Turkish Statistics Institute showed on Monday. The index indicates a pessimistic outlook.

All sub-indices of the main index were lower in the month. Households' financial situation expectations weakened with the corresponding index falling to 85.9 from 87.9 in the prior month. The financial situation expectation index was the second-worst performer, slipping by 2.2 percent from the previous month to 85.9 points. The general economic situation expectation index also edged down to 88.0 from 88.6.

The number of people unemployed expectation index decreased by 1.4 percent from the previous month to 67.9 in February. Similarly, the probability of saving index slid to 21.0 from 22.4.