The economic confidence index in Turkey fell to 77.5 in May 2019 from 84.7 in the previous month. It was the lowest reading in seven months, as sentiment deteriorated among service providers (79.4 from 83.1 in April); manufacturers (94.7 from 100); retailers (89.9 from 90.6); constructors (49.8 from 53.9) and consumers (55.3 from 63.5 from 59.4). Economic Optimism Index in Turkey averaged 99.34 Index points from 2007 until 2019, reaching an all time high of 114.90 Index points in January of 2011 and a record low of 60.80 Index points in November of 2008.

Economic Optimism Index in Turkey is expected to be 77.00 Index points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Economic Optimism Index in Turkey to stand at 81.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 101.00 Index points in 2020, according to our econometric models.

Turkey Economic Confidence Index
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Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-27 07:00 AM Economic Confidence Index 79.4 78.5 77.7
2019-03-28 07:00 AM Economic Confidence Index 81.9 79.4 78.5
2019-04-29 07:00 AM Economic Confidence Index 84.7 81.9 82.5
2019-05-28 07:00 AM Economic Confidence Index 77.5 84.7 84
2019-06-27 07:00 AM Economic Confidence Index 77.5 77
2019-07-30 07:00 AM Economic Confidence Index
2019-08-28 07:00 AM Economic Confidence Index


Turkey Consumer Last Previous Highest Lowest Unit
Consumer Confidence 57.60 55.30 98.68 55.30 Index Points [+]
Retail Sales MoM -1.80 1.30 5.00 -7.30 percent [+]
Retail Sales YoY -6.90 -3.40 24.70 -8.80 percent [+]
Consumer Spending 236727780.80 257299893.30 282426440.20 101701774.50 TRY THO [+]
Private Sector Credit 2004855030.00 1978581988.00 2135603878.00 4762.10 TRY Thousand [+]
Consumer Credit 525862937.00 521473235.00 531736763.00 4110315.00 TRY THO [+]
Gasoline Prices 1.17 1.20 2.68 0.56 USD/Liter [+]
Households Debt To GDP 14.80 15.60 19.60 0.10 percent of GDP [+]
Economic Optimism Index 77.50 84.70 114.90 60.80 Index points [+]


Turkey Economic Confidence Index

In Turkey, economic confidence index is a composite index that encapsulates consumers’ and producers’ evaluations, expectations and tendencies about general economic situation. The index is combined by means of a weighted aggregation of normalized sub-indices of consumer confidence, seasonally adjusted real sector (manufacturing industry), services, retail trade and construction confidence indices. The economic confidence index indicates an optimistic outlook about the general economic situation when the index is above 100, on contrary it indicates a pessimistic outlook when it is below 100. This page provides the latest reported value for - Turkey Economic Optimism Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Economic Confidence Index - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
77.50 84.70 114.90 60.80 2007 - 2019 Index points Monthly




Country Last Previous
Euro Area 105.10 May/19
Turkey 77.50 May/19
United States 53.20 Jun/19


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