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 coronacirus 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).
Economic Optimism Index in Turkey averaged 99.12 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 August of 2020. source: Turkish Statistical Institute
Economic Optimism Index in Turkey is expected to be 74.00 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 91.00 points in 2022, according to our econometric models.