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.