Consumer Confidence Preliminary Index Rose to 90.71 in July

Bloomberg HT Consumer Confidence Preliminary Index rose to 90.71 in July. This index increased by 2.29 percent in July compared to the previous month and gained 90.71. Bloomberg HT Consumer Confidence Preliminary Index rose to 90.71 in July. When the index is analyzed in detail, a slight increase is observed in the current situation perception and consumption trend of the consumer, while the expectations for the next 12 months have decreased slightly. With the end of the quarantine process and the economy becoming normal, the interest rates in automobile and housing loans fell sharply and the positive course of the financial markets seemed to be the main reasons for the sharp rise of the index in June. It is understood that this rise was preserved in the first half of July and a relatively horizontal course occurred. In this context, it is observed that Bloomberg HT Consumer Expectation Preliminary Index decreased by 0.30 percent compared to the previous month and reached 94.29. On the other hand, the Bloomberg HT Consumption Tendency Index, which tries to measure the suitability of the current period for consumer durables and the purchase of automobiles and housing, increased by 1.71 percent to 85.69. The development of the coronavirus epidemic and the normalization process in economies and the formation of economic policies seem to be important factors in the upcoming period of Bloomberg HT Consumer Expectation Preliminary Index.