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.

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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
82.20 73.50 114.80 51.30 2007 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 07:00 AM Apr 51.3 91.8 65
2020-05-28 07:00 AM May 61.7 51.3 55.1
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 82.2
2020-09-29 07:00 AM Sep 74
2020-10-28 07:00 AM Oct
2020-11-27 07:00 AM Nov


News Stream
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 Recovers Slightly in May
The economic confidence index in Turkey increased to 61.7 in May of 2020 recovering from a record low of 53.1 in April due to the COVID-19 pandemic. All sectors saw an improvement in sentiment although it remained at low levels: service providers (51.1 from 46.1); manufacturers (73.5 from 62.3); retailers (79 from 75.2); constructors (58.5 from 44.7) and consumers (59.5 from 54.9).
2020-05-28
Turkey Economic Sentiment Falls to Record Low
The economic confidence index in Turkey dropped to 51.3 in April 2020 from 91.8 in the previous month. It was the lowest reading on record, as sentiment deteriorated among service providers (46.1 from 92.5 in March); manufacturers (62.3 from 98.6); retailers (75.2 from 101.7); constructors (44.7 from 77.2) and consumers (54.9 from 58.2).
2020-04-29

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.