Turkey Economic Confidence Index

The economic confidence index in Turkey increased to a three-month high of 81.9 in March 2019 from 79.4 in the previous month, as sentiment improved among service providers (81.6 vs 79.5 in February), manufacturers (99.3 vs 96.9), consumers (59.4 vs 57.8), and constructors (54.1 vs 51.8). Meanwhile, sentiment among retailers deteriorated slightly (90.7 vs 90.8). Economic Optimism Index in Turkey averaged 99.59 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 78.50 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 89.40 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.

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Calendar	GMT		Actual	Previous	TEForecast
2018-12-28	07:00 AM	Economic Confidence Index	75.2	73.7	78
2019-01-30	07:00 AM	Economic Confidence Index	78.5	81.9	76.1
2019-02-27	07:00 AM	Economic Confidence Index	79.4	78.5	77.7
2019-03-28	07:00 AM	Economic Confidence Index	81.9	79.4	78.5
2019-04-29	07:00 AM	Economic Confidence Index		81.9
2019-05-28	07:00 AM	Economic Confidence Index
2019-06-27	07:00 AM	Economic Confidence Index			81.6

Turkey Consumer	Last	Previous	Highest	Lowest	Unit
Consumer Confidence	63.50	59.40	98.68	55.66	Index Points	[+]
Retail Sales MoM	0.80	1.40	5.00	-7.30	percent	[+]
Retail Sales YoY	-4.90	-6.30	24.70	-8.80	percent	[+]
Consumer Spending	257299893.30	269714419.80	282426440.20	101701774.50	TRY THO	[+]
Private Sector Credit	1907527803.00	1875403669.00	2135603878.00	4762.10	TRY Thousand	[+]
Consumer Credit	519121689.00	509243315.00	531736763.00	4110315.00	TRY THO	[+]
Gasoline Prices	1.27	1.22	2.68	0.56	USD/Liter	[+]
Households Debt To GDP	15.60	16.40	19.60	0.10	percent of GDP	[+]
Economic Optimism Index	81.90	79.40	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 April of 2019.