The consumer confidence index in Turkey decreased to 57.8 in February 2019 from 58.2 in the previous month. It was the lowest reading since October last year, dragged by a deterioration in expectations regarding households' financial situation (75.2 vs 77.1 in January), general economic situation (75.0 vs 76.5) and employment situation (59.0 vs 60.9). On the other hand, consumers expect an improvement in probability of saving (22.0 vs 18.3). Consumer Confidence in Turkey averaged 74.75 Index Points from 2004 until 2019, reaching an all time high of 98.68 Index Points in February of 2004 and a record low of 55.66 Index Points in November of 2008.
Consumer Confidence in Turkey is expected to be 55.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Turkey to stand at 65.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 82.50 Index Points in 2020, according to our econometric models.