The seasonally adjusted consumer confidence index was up by 4.4% to 74.6 in October, month-over-month, according to the Turkish Statistical Institute (TurkStat).
The index, which hit 91.1 before the elections, fell to 68 in the following three months and rose by 5.1% in September.
Zooming in on sub-indices, the present financial situation of households and general economic situation expectations over the next 12 months marked the October reading, soaring by 6.1% to 59.7 and 7.2% to 72.9, respectively.
Sub-indices for financial situation expectations of households over the next 12 months surged by 5.4%, and general economic situation expectations over the next 12 months gained 7.2% in October compared to the previous month.
Meanwhile, assessments on spending for durable goods over the next 12 months were up by 0.5% in the same period.
The index is a vital gauge of the economy’s overall performance, indicating public sentiments on financial standing, the general economic situation, and spending and saving tendencies.