In the analysis of the Central Bank of the Republic of Turkey (CBRT), it is important to purify the impact of the increase in the increase in card usage rate while evaluating the demand conditions through card expenditure data. evaluation.
“Card Usage Rate and Card Expenditures” analysis prepared by CBRT assistant economists Ece Taşan Özel and Orhun Özel and Researcher Tahamuhammet Süleyman were published in the Bank’s Blog Page in the center of the center.
In the analysis, it was stated that the card expenses were used intensively to monitor the demand conditions due to high frequency and timely information.
This indicator, gross domestic product (GDP) in a special consumption pencil in the analysis of a compatible course until 2021, but in recent years, but in recent years, the card expenditures made the acceleration of the special consumption was expressed.
In the analysis, this separation, the increase in card expenditures, not only the demand for demand developments, but also the transformation of consumers’ transformation, ie cash card payment, the increase in payment of payment, “in this article, a long -term card expenditure rate of expenditure creates a series of changes in the payment preference of the payment. said.
In the analysis, which has recently increased rapidly in the recent period, the following evaluations have been included:
“In addition to the demand dynamics in this increase, the transition from cash to card, which is a traditional payment method, is also effective. Indeed, current studies show that the frequency of payment with cards increases in a significant way. In this rise, the technological developments such as digitalization and the spread of contactless payment systems, as well as to make cash transport transport more costly.
In the analysis, the changes in payment habits require the increase in card use while commenting on demand by using card expenditures data.
In order to purify the card usage rate as a series of time in order to purify the card expenditures from this change, it was stated that the data related to the total expenditure level of consumers is needed to measure card usage trends and the fuel sector offers an important reference.
In the analysis, the reason for this was to access both the total sales amount and the expenditure data made with the card.
In the analysis, which is calculated by the rate of fuel expenditures made with the card to the total fuel sales, a card usage rate is calculated, “Especially after 2021, a remarkable increase is observed. If we assume that there is a similar tendency in other sectors, it is possible to reach the total consumption of this preference.” his statements were included.
In the analysis, in order to follow the card expenses as a healthier demand indicator, first of all, it was emphasized that the Card usage preference was obtained by using the calculated card usage rate and the following was recorded:
“We can follow these series more clearly by purifying the price effects of these series. In this way, we observe a significant differentiation between 2021 after 2021. Moderately, except for some periodic discrimination.
In the summary part of the analysis, it was emphasized that card expenditures were a valuable pioneering indicator to monitor the demand dynamics, but in recent years, these expenditures are accelerated and distinguished from special consumption expenditures.
In this separation, consumers’ cash payment method to pay the card to pay the card in the analysis, “Therefore, the card to evaluate the demand conditions over the expenditure data, the impact of the increase in the rate of the increase in the use of card usage is important. This effect is purified in recent years, especially after the monetary tightening of the expenditure, especially after the monetary tightening of a more compatible consumption. evaluation.
