The economic confidence index in Turkey fell to 77.5 in May 2019 from 84.7 in the previous month. It was the lowest reading in seven months, as sentiment deteriorated among service providers (79.4 from 83.1 in April); manufacturers (94.7 from 100); retailers (89.9 from 90.6); constructors (49.8 from 53.9) and consumers (55.3 from 63.5 from 59.4). Economic Optimism Index in Turkey averaged 99.34 Index points from 2007 until 2019, reaching an all time high of 114.90 Index points in January of 2011 and a record low of 60.80 Index points in November of 2008.
Economic Optimism Index in Turkey is expected to be 81.60 Index points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in Turkey to stand at 95.10 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 101.00 Index points in 2020, according to our econometric models.