Increase in Bloomberg HT Consumer Confidence Preliminary Index!

There was an increase in the Bloomberg HT Consumer Confidence Index. The confidence index in June reached 89.46 with an increase of 22.21 percent. The Bloomberg HT Consumer Confidence Preliminary Index rose 89.26 percent in June, up 22.21 percent compared to the final index of May. When the details of the announced index are analyzed, it is observed that there is a very strong increase in both the consumer's perception of the current situation and the forecasts for the next year and especially the consumption trend. With the end of the quarantine process and the recovery of the economy in the coronavirus epidemic, the interest rates in automobile and housing loans have declined sharply and the positive course of the financial markets is seen as the main reason for this increase. In this context, Bloomberg HT Consumer Expectation Preliminary Index is seen to have increased to 95.14, with an output of 15.46 percent compared to May. In addition to this situation, Bloomberg HT Consumption Tendency Index, which tries to measure the suitability of the current period for durable consumer goods and automobile and housing purchases, increased by 31.79 percent to 82.48. In the next period of the index, it seems that the development of the coronavirus epidemic and the normalization process in the global economy and the formation of economic policies will be important factors.