The consumer confidence in Turkey stood at 58.8 in January 2020, unchanged from the previous month. There was an improvement in expectations over the next 12 months regarding households' financial situation (79.5 vs 77.7 in December), general economic situation (77.4 vs 76.5) and unemployment (56.8 vs 57.1). In contrast, the probability of saving weakened (21.6 vs 23.8).

Consumer Confidence in Turkey averaged 73.81 points from 2004 until 2020, reaching an all time high of 98.68 points in February of 2004 and a record low of 55.30 points in May of 2019. 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. source: Turkish Statistical Institute

Consumer Confidence in Turkey is expected to be 59.00 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 68.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 75.00 points in 2020, according to our econometric models.

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Turkey Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
58.80 58.80 98.68 55.30 2004 - 2020 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-10-23 07:00 AM Oct 57.0 55.8 56.9
2019-11-21 07:00 AM Nov 59.9 57.0 58.2
2019-12-20 07:00 AM Dec 58.8 59.9 61
2020-01-23 07:00 AM Jan 58.8 58.8 57.7
2020-02-20 07:00 AM Feb 58.8 58.5

News Stream
Turkish Consumer Morale Weakens in December
The consumer confidence in Turkey decreased to 58.8 in December 2019 from 59.9 in the previous month, due to a deterioration in expectations regarding households' financial situation (77.7 vs 79.3) and general economic situation (76.5 vs 78.5). Meanwhile, there was an improvement in both unemployment outlook (57.1 vs 58.8) and the probability of saving (23.8 vs 23.0).

Turkish Consumer Sentiment Hits 7-Month High
The consumer confidence in Turkey increased to 59.9 in November 2019 from 57.0 in the previous month. It was the highest level since April, boosted by an improvement in expectations regarding households' financial situation (79.3 vs 74.8 in October); general economic situation (78.5 vs 73.4); unemployment (58.8 vs 56.8); and the probability of saving (23.0 vs 22.8).

Turkish Consumer Morale Improves in October
The consumer confidence in Turkey increased to 57.0 in October 2019 from 55.8 in the previous month, boosted by an improvement in expectations regarding households' financial situation (74.8 vs 74.0 in September); general economic situation (73.4 vs 71.0); and unemployment (56.8 vs 55.3). Meanwhile, probability of saving remained unchanged (at 22.8).

Turkey Consumer Morale Drops to 4-Month Low
The consumer confidence index in Turkey fell to 55.8 in September of 2019 from 58.3 in the previous month. It was the lowest reading since May, amid lower expectations regarding households' financial situation (74 vs 77.8 in August); general economic situation (71 vs 74.3) and unemployment (55.3 vs 58.3). Meantime, expectations regarding the probability of saving improved (22.8 vs 22.7).

Turkey Consumer Confidence
In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.