Turkish consumer confidence broke into positive territory in March after declining deep into red late last year, the Turkish Statistics Institute (TurkStat) reported on Friday.
Consumer confidence rose for the third straight month in the government study, showing for the first time since summer 2012 positive expectations among households on subjects ranging from spending plans to expected job opportunities.
The poll rates consumer's spending predictions in various industries on a 0 to 200 point scale, with anything below 100 ranking as “pessimistic” and a score above as “optimistic.”
The retail sector scored a 111.4 on the scale, while the services sector scored a 102.2 and the construction industry a 94.9.