Turkey's consumer confidence indicator declined 1.8 points from the previous month to 80.1 in November 2020, the lowest since August, due to a deterioration in expectations over the next 12 months regarding the general economic situation (78.7 vs 81.4 in October); the consumers' financial situation (79.0 vs 79.5); and major purchases climate (96.2 vs 97.4). In addition, the gauge for the current household's financial situation fell to 66.6 from 69.4. source: Turkish Statistical Institute

Consumer Confidence in Turkey averaged 90.40 points from 2004 until 2020, reaching an all time high of 106.10 points in January of 2004 and a record low of 73.90 points in November of 2008. 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 November of 2020.

Consumer Confidence in Turkey is expected to be 68.00 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 69.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 75.00 points in 2021 and 80.00 points in 2022, according to our econometric models.

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Turkey Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
80.10 81.90 106.10 73.90 2004 - 2020 points Monthly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-21 07:00 AM Aug 59.6 60.9 58
2020-09-22 07:00 AM Sep 82.0 79.4 60
2020-10-22 07:00 AM Oct 81.9 82 79
2020-11-20 07:00 AM Nov 80.1 81.9 84
2020-12-21 07:00 AM Dec 80.1 78
2021-01-22 07:00 AM Jan
2021-02-19 07:00 AM Feb
2021-03-23 07:00 AM Mar


News Stream
Turkish Consumer Morale Weakens to 3-Month Low
Turkey's consumer confidence indicator declined 1.8 points from the previous month to 80.1 in November 2020, the lowest since August, due to a deterioration in expectations over the next 12 months regarding the general economic situation (78.7 vs 81.4 in October); the consumers' financial situation (79.0 vs 79.5); and major purchases climate (96.2 vs 97.4). In addition, the gauge for the current household's financial situation fell to 66.6 from 69.4.
2020-11-20
Turkey Consumer Morale Remains Stable in October
Turkey's consumer confidence indicator edged down 0.1 points from the previous month to 81.9 in October of 2020, remaining well above a record low of 54.9 hit in April. There was a deterioration in expectations over the next 12 months regarding the general economic situation (81.4 vs 83.3 in September); and the financial situation at present also decreased (69.4 vs 71.8). On the other hand, the financial situation expectation of household index in the next 12 months period (79.5 vs 79.1) and savings propensity (21.7 vs 19.9) improved.
2020-10-22
Turkish Consumer Morale Improves in September
Turkey's consumer confidence indicator rose 2.6 points from the previous month to 82.0 in September 2020, boosted by an improvement in expectations over the next 12 months regarding financial situation (79.1 vs 77.8 in August), general economic situation (83.3 vs 79.5) and major purchases climate (93.8 vs 92.6). At the same time, households were more optimistic about their financial situation at present (71.8 vs 67.9).
2020-09-22
Turkey Consumer Morale Weakens Further in August
The consumer confidence in Turkey worsened for the second straight month to 59.6 in August of 2020, reaching the lowest level since May. There was a further deterioration in expectations over the next 12 months regarding the general economic situation (79.5 vs 82.2 in July); the financial situation (77.8 vs 80.6) and unemployment (59.5 vs 61.0). Meanwhile, savings propensity improved slightly (21.7 vs 19.9).
2020-08-21

Turkey Consumer Confidence
In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.