The consumer confidence in Turkey rose to 62.5 in June of 2020 from 59.5 in the previous month. It was the highest reading since April of last year, despite remaining deeply entrenched in negative territory. The uptick in June reflected rosier views on economic conditions, amid the gradual lifting of lockdown measures. The number of people unemployed expectation index, a gauge of sentiment about the health of the labor market, posted the largest increase, climbing 12.2 percent to 62.1. Improvements were also seen in the savings propensity (up 6.5 percent to 23.1); the general economic situation (up 4.5 percent to 85.5) and the household's financial situation (up 0.8 percent to 79.9).
Consumer Confidence in Turkey averaged 73.42 points from 2004 until 2020, reaching an all time high of 98.68 points in February of 2004 and a record low of 54.90 points in April of 2020. This page provides the latest reported value for - Turkey Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Turkish Statistical Institute
Consumer Confidence in Turkey is expected to be 65.00 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 52.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 57.00 points in 2021 and 65.00 points in 2022, according to our econometric models.