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.