The consumer confidence in Turkey worsened for the second straight month to 59.6 in August of 2020, reaching the lowest level since May. There was a further deterioration in expectations over the next 12 months regarding the general economic situation (79.5 vs 82.2 in July); the financial situation (77.8 vs 80.6) and unemployment (59.5 vs 61.0). Meanwhile, savings propensity improved slightly (21.7 vs 19.9).

Consumer Confidence in Turkey averaged 73.29 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 September of 2020. source: Turkish Statistical Institute

Consumer Confidence in Turkey is expected to be 60.00 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 54.00 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.

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Turkey Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
59.60 60.90 98.68 54.90 2004 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-20 07:00 AM May 59.5 54.9 47
2020-06-22 07:00 AM Jun 62.6 59.5 65
2020-07-23 07:00 AM Jul 60.9 62.6 66
2020-08-21 07:00 AM Aug 59.6 60.9 58
2020-09-22 07:00 AM Sep 59.6 60
2020-10-22 07:00 AM Oct
2020-11-20 07:00 AM Nov
2020-12-21 07:00 AM Dec 58


News Stream
Turkey Consumer Morale Weakens Further in August
The consumer confidence in Turkey worsened for the second straight month to 59.6 in August of 2020, reaching the lowest level since May. There was a further deterioration in expectations over the next 12 months regarding the general economic situation (79.5 vs 82.2 in July); the financial situation (77.8 vs 80.6) and unemployment (59.5 vs 61.0). Meanwhile, savings propensity improved slightly (21.7 vs 19.9).
2020-08-21
Turkey Consumer Morale Deteriorates in July
The consumer confidence in Turkey decreased to 60.9 in July of 2020 from 62.6 in the previous month. There was a deterioration in expectations over the next 12 months regarding the general economic situation (82.2 vs 85.5 in June) and the probability of saving (19.9 vs 23.1). Also, the number of people unemployed expectation index, a gauge of sentiment about the health of the labor market, dropped to 61 from 62.1. Meantime, the financial situation expectation of household index in the next 12 months period which was 79.9 in June increased by 0.9% and became 80.6 in July.
2020-07-23
Turkey Consumer Confidence Rises for 2nd Month
The consumer confidence in Turkey rose to 62.5 in June of 2020 from 59.5 in the previous month. It was the highest reading since April of last year, despite remaining deeply entrenched in negative territory. The uptick in June reflected rosier views on economic conditions, amid the gradual lifting of lockdown measures. The number of people unemployed expectation index, a gauge of sentiment about the health of the labor market, posted the largest increase, climbing 12.2 percent to 62.1. Improvements were also seen in the savings propensity (up 6.5 percent to 23.1); the general economic situation (up 4.5 percent to 85.5) and the household's financial situation (up 0.8 percent to 79.9).
2020-06-22
Turkey Consumer Confidence Rises from Record Low
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).
2020-05-20

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.