The economic confidence index in Turkey declined to 80.7 in July 2019 from 83.4 in the previous month, as sentiment deteriorated among consumers (56.5 from 57.6 in June), manufacturers (96.6 from 99.6), service providers (83.5 from 85.4) and retailers (90.4 from 93.2). Meanwhile, sentiment improved among constructors (52.4 from 50.4). Economic Optimism Index in Turkey averaged 99.11 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 75.00 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 84.00 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.

Turkey Economic Confidence Index
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-29 07:00 AM Economic Confidence Index Apr 84.7 81.9 82.5
2019-05-28 07:00 AM Economic Confidence Index May 77.5 84.7 84
2019-06-27 07:00 AM Economic Confidence Index Jun 83.4 77.5 77
2019-07-30 07:00 AM Economic Confidence Index Jul 80.7 83.4 81.5
2019-08-28 07:00 AM Economic Confidence Index Aug 80.7 79.9
2019-09-27 07:00 AM Economic Confidence Index Sep 75
2019-10-30 07:00 AM Economic Confidence Index Oct


Turkey Consumer Last Previous Highest Lowest Unit
Consumer Confidence 56.50 57.60 98.68 55.30 Index Points [+]
Retail Sales MoM 2.30 0.50 5.00 -7.30 percent [+]
Retail Sales YoY -1.20 -3.30 24.70 -8.80 percent [+]
Consumer Spending 236727780.80 257299893.30 282426440.20 101701774.50 TRY THO [+]
Private Sector Credit 1984463071.00 1988504409.00 2135603878.00 4762.10 TRY Thousand [+]
Consumer Credit 528198574.00 526402249.00 531736763.00 4110315.00 TRY THO [+]
Gasoline Prices 1.26 1.19 2.68 0.56 USD/Liter [+]
Households Debt To GDP 14.80 15.60 19.60 0.10 percent of GDP [+]
Economic Optimism Index 80.70 83.40 114.90 60.80 Index points [+]


Turkey Economic Confidence Index

In Turkey, economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations and tendencies about general economic situation. The index is combined by means of a weighted aggregation of normalized sub-indices of consumer confidence, seasonally adjusted real sector (manufacturing industry), services, retail trade and construction confidence indices. The economic confidence index indicates an optimistic outlook about the general economic situation when the index is above 100, on contrary it indicates a pessimistic outlook when it is below 100. This page provides the latest reported value for - Turkey Economic Optimism Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Economic Confidence Index - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
80.70 83.40 114.90 60.80 2007 - 2019 Index points Monthly




Country Last Previous
Euro Area 102.70 Jul/19
South Korea 89.00 Jul/19
Turkey 80.70 Jul/19
United States 55.10 Aug/19


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