Turkey's statistics authority, TurkStat, said on Thursday that the consumer confidence index was up 2.61 percent and reached 91.34 percent in November 2010.
TurkStat made public its consumer confidence index in November 2010 and said the index was up to 91.34 percent in November with 2.61 percent rise over October.
The index was 89.02 percent in October 2010.
The consumer confidence index calculated from survey results indicates an optimistic outlook when the index is above 100 percent. It gives a pessimistic outlook when it is below 100 percent, and it refers to neither optimistic nor pessimistic outlook when it is equal to 100.
The increase in the consumer confidence index stemmed from the improvements in consumer's assessments concerning their purchasing power in the next and present period, general economic situation and job opportunities in the next period, buying time condition of durable goods in the present period.
The purchasing power in the present day was up month-on-month to 85.25 percent in November. It was 82.58 percent in October.
General economic situation index rose to 91.78 percent from 89.46 percent in November 2010 over October 2010.
According to the index, the purchasing power rose to 89.23 percent from 85.80 percent for the next six months.
Job opportunities index climbed to 89.19 percent from 88.97 percent, and the buying time condition of durable goods was up to 101.24 percent from 98.27 percent.