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.

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Turkey Consumer Confidence

Actual Previous Highest Lowest Dates Unit Frequency
59.50 54.90 98.68 54.90 2004 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-20 07:00 AM Feb 57.3 58.8 58.5
2020-03-23 07:00 AM Mar 58.2 57.3 49
2020-04-22 07:00 AM Apr 54.9 58.2 51
2020-05-20 07:00 AM May 59.5 54.9 47
2020-06-22 07:00 AM Jun 59.5 54
2020-07-23 07:00 AM Jul
2020-08-21 07:00 AM Aug
2020-09-22 07:00 AM Sep 45


News Stream
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
Turkish Consumer Morale Drops to Record Low
The consumer confidence in Turkey fell to a record low of 54.9 in April of 2020 from 58.2 in the previous month, as Turkey remains the worst-affected country by the coronavirus outbreak outside Europe or the United States. There was a deterioration in expectations over the next 12 months regarding general economic situation (74.8 vs 75.6 in March); households' financial situation (72.5 vs 78.6); unemployment (53.8 vs 57.6) and probability of saving (18.4 vs 21.2).
2020-04-22
Turkish Consumer Morale Improves in March
The consumer confidence in Turkey increased to 58.2 in March 2020 from 57.3 in the previous month. There was an improvement in expectations over the next 12 months regarding households' financial situation (78.6 vs 76.8 in February) and unemployment (57.6 vs 53.8). In contrast, a deterioration was seen for the probability of saving (21.2 vs 22.5) and general economic situation (75.6 vs 75.9).
2020-03-23
Turkish Consumer Morale Weakest in 4 Months
The consumer confidence in Turkey declined to 57.3 in February 2020 from 58.8 in the previous month. This was the weakest reading since October last year, amid a deterioration in expectations over the next 12 months regarding households' financial situation (76.8 vs 79.5 in January), general economic situation (75.9 vs 77.4) and unemployment (53.8 vs 56.8). In contrast, the probability of saving improved (22.5 vs 21.6).
2020-02-20

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.