The economic optimism index in Turkey increased to 88.5 in September of 2020 from 85.9 in August. The index went up for the 5th month after reaching a record low of 51.3 in April due to the coronavirus pandemic. This increase in economic confidence index stemmed from the gains in consumer, manufacturing industry and services confidence indices. Still, it remains below the long term average of 99 and 97.5 in February.

Economic Optimism Index in Turkey averaged 98.97 points from 2007 until 2020, reaching an all time high of 114.80 points in January of 2011 and a record low of 51.30 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Turkish Statistical Institute

Economic Optimism Index in Turkey is expected to be 84.00 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 84.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 85.00 points in 2021 and 95.00 points in 2022, according to our econometric models.

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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
88.50 85.90 114.80 51.30 2007 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 07:00 AM Jun 73.5 61.7 71
2020-07-30 07:00 AM Jul 82.2 73.5 70.8
2020-08-28 07:00 AM Aug 85.9 82.2 79
2020-09-29 07:00 AM Sep 88.5 85.9 84
2020-10-28 07:00 AM Oct 88.5 85.1
2020-11-27 07:00 AM Nov
2020-12-29 07:00 AM Dec 78


News Stream
Turkey Economic Confidence Rises for 5th Month
The economic optimism index in Turkey increased to 88.5 in September of 2020 from 85.9 in August. The index went up for the 5th month after reaching a record low of 51.3 in April due to the coronavirus pandemic. This increase in economic confidence index stemmed from the gains in consumer, manufacturing industry and services confidence indices. Still, it remains below the long term average of 99 and 97.5 in February.
2020-09-29
Turkish Economic Confidence Improves in August
Turkey's economic confidence index rose to 85.9 in August 2020 from 82.2 in the previous month, still remaining below pre-pandemic levels. There was an improvement in morale among manufacturers (105.2 vs 99.4), service providers (70.5 vs 66.7) and retail traders (94.9 vs 94.6), while sentiment deteriorated among constructors (85.0 vs 87.0) and consumers (59.6 vs 60.9).
2020-08-28
Turkish Economic Confidence at 4-Month High
Turkey's economic confidence index climbed to 82.2 in July of 2020 from 73.5 in the previous month. It is the highest reading in four months as the economy tries to recover from the coronavirus pandemic following weeks of lockdown. Confidence improved among manufacturers (99.4 vs 89.8), service providers (66.7 vs 55.5), retailers (94.6 vs 86.4) and constructors (87 vs 78). However, consumer confidence declined (60.9 vs 62.6).
2020-07-30
Turkish Economic Confidence Improves as Economy Reopens
Turkey's economic confidence index climbed to 73.5 in June 2020 from 61.7 in the previous month, as the country reopened its economy following weeks of lockdown. Confidence improved among consumers (62.6 vs 59.5), manufacturers (89.8 vs 73.5), service providers (55.5 vs 51.1), retailers (86.4 vs 79.0) and constructors (78.0 vs 58.5).
2020-06-29

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.