Hakan Kara's commentary on the Consumer Confidence Index: 'Against the ruling parties'

The Turkish Statistical Institute (TÜİK) has announced the March results for the Consumer Confidence Index. Former Chief Economist Hakan Kara evaluated the data on his X account, stating, "The economy does not always determine the outcome."

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Hakan Kara's commentary on the Consumer Confidence Index: 'Against the ruling parties'

The Turkish Statistical Institute (TÜİK) has published the March results for the Consumer Confidence Index. According to the results, the Confidence Index, which was 79.3 in February, increased by 0.02% in March to reach 79.4.

Former Chief Economist Hakan Kara evaluated the Consumer Confidence Index results on his X account. Kara's post is as follows:

"Entering local elections with consumer confidence below 80 indicates that economic conditions will work against the ruling parties. Of course, the economy does not always determine the outcome."