The consumer confidence index in Turkey increased to 59.4 in March 2019 from 57.8 in the previous month. It was the highest reading since November as the improvement was observed in expectations regarding households' financial situation (78.3 vs 75.2 in February) and general economic situation (78.6 vs 75.0), while the probability of saving was unchanged (at 22.0). On the other hand, consumers expect a deterioration in employment situation (58.9 vs 59.0). Consumer Confidence in Turkey averaged 74.67 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 55.66 Index Points in November of 2008.
Consumer Confidence in Turkey is expected to be 55.00 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 65.00 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.