Evaluation of Consumer Confidence Index of Central Bank of Turkey Consumer Tendency Survey

Abstract

Consumer confidence index is an indicator used to measure consumer confidence based on the degree of optimism on economy. Basically. it is a measure that reveals how optimistic or pessimistic consumers are with respect to the economy in the near future. The consumer confidence index calculated from the survey results can take value between 0-200. Consumer confidence indexgreater than 100 indicates an optimistic outlook for consumer confidence. Consumer confidence index is smaller than 100 represents the worst case. In this paper. consumer confidence index data are collected for the periods 2004-2012 from Central Bank of Turkey and analyzed using repeated measures analysis to investigate whether there is a trend throughout the years