Consumer confidence in Turkey is weakening to the lowest level, so far observed this year, according to the Turkish Statistics Office.

The consumer confidence index fell to 68.3 in August from 73.1 in July. This was the weakest result since December 2017.

All components of the index deteriorated in August compared with the previous month. The indicator, which measures the expected financial position of households, fell to 85.5 from 92.0 a month ago.

Similarly, expectations for the overall economic situation worsened: the index fell to 88.3 from 96.3 in the previous month.

The employment index fell to 74.1 in August from 76.9 a month ago. The savings probability index was 25.3 versus 27.1, recorded in July.