The consumer confidence in Turkey increased to 59.5 in May of 2020 after reaching a record low of 54.9 in April due to the coronavirus pandemic. It is the highest reading since November last year as both general economic situation (81.8 from 74.8) and households financial situation (79.2 from 72.5) were assessed less negative and savings propensity improved slightly (21.7 from 18.4). On the other hand, unemployment is seen higher (55.3 from 53.8).
Consumer Confidence in Turkey averaged 73.48 points from 2004 until 2020, reaching an all time high of 98.68 points in February of 2004 and a record low of 54.90 points in April of 2020. This page provides the latest reported value for - Turkey Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020. source: Turkish Statistical Institute
Consumer Confidence in Turkey is expected to be 42.00 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 52.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 57.00 points in 2021 and 65.00 points in 2022, according to our econometric models.