The economic confidence index in Turkey fell to 86 in September 2019 from 87.1 in the previous month. Sentiment deteriorated among consumers (55.8 from 58.3 in August) and manufacturers (99.7 from 102.1) while improved among service providers (89.3 from 89.1), retailers (97.6 from 95) and constructors (60.1 from 55.5). Economic Optimism Index in Turkey averaged 98.94 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 85.90 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
2019-06-27 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 87.1 80.7 79.9
2019-09-27 07:00 AM Economic Confidence Index Sep 86 87.1 85.9
2019-10-30 07:00 AM Economic Confidence Index Oct 86 87.5
2019-11-28 07:00 AM Economic Confidence Index Nov
2019-12-30 07:00 AM Economic Confidence Index Dec 79


Turkey Consumer Last Previous Highest Lowest Unit
Consumer Confidence 57.00 55.80 98.68 55.30 Index Points [+]
Retail Sales MoM 0.30 -1.50 5.00 -7.30 percent [+]
Retail Sales YoY -4.30 -3.70 24.70 -8.80 percent [+]
Consumer Spending 251577716.40 230624571.90 281305683.60 101701774.50 TRY THO [+]
Consumer Credit 553160126.00 533673372.00 553160126.00 4110315.00 TRY THO [+]
Private Sector Credit 1983150723.00 1960372690.00 2135603878.00 4762.10 TRY Thousand [+]
Households Debt To GDP 14.30 14.80 19.60 0.10 percent of GDP [+]
Economic Optimism Index 86.00 87.10 114.90 60.80 Index points [+]
Gasoline Prices 1.23 1.17 2.68 0.56 USD/Liter [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
86.00 87.10 114.90 60.80 2007 - 2019 Index points Monthly




Country Last Previous
Euro Area 101.70 Sep/19
South Korea 91.00 Sep/19
Turkey 86.00 Sep/19
United States 52.60 Oct/19


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