The consumer confidence index in Turkey fell to 55.3 in May 2019 from 63.5 in the previous month. It was the lowest reading on record, amid a deterioration in expectations regarding households’ financial situation (73.9 from 82.2 in April); general economic situation (70.1 from 82.4); unemployment (56.3 from 63.5); and probability of saving (20.8 from 26). Consumer Confidence in Turkey averaged 74.50 Index Points from 2004 until 2019, reaching an all time high of 98.68 Index Points in February of 2004 and a record low of 55.30 Index Points in May of 2019.
Consumer Confidence in Turkey is expected to be 59.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Turkey to stand at 69.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 82.50 Index Points in 2020, according to our econometric models.