The economic optimism index in Turkey rose to 98.9 in March of 2021 from 95.8 in the previous month, the highest since January 2020. Confidence improved among consumers (86.7 vs 84.5 in February); service providers (105.5 vs 100.4); retailers (108.2 vs 108.9) and manufacturers (110.2 vs 108.7), but worsened among constructors (79.8 vs 83.1). source: Turkish Statistical Institute

Economic Optimism Index in Turkey averaged 99.16 points from 2007 until 2021, reaching an all time high of 114 points in January of 2011 and a record low of 58.40 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 April of 2021.

Economic Optimism Index in Turkey is expected to be 98.00 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 99.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 105.00 points in 2022 and 100.00 points in 2023, according to our econometric models.

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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
98.90 95.80 114.00 58.40 2007 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-29 07:00 AM Dec 86.4 89.5 86.2
2021-01-28 07:00 AM Jan 96.2 94.7 82.2
2021-02-25 07:00 AM Feb 95.8 96.2 97
2021-03-31 07:00 AM Mar 98.9 95.8 98
2021-04-29 07:00 AM Apr 98.9
2021-05-28 07:00 AM May
2021-06-29 07:00 AM Jun
2021-07-29 07:00 AM Jul


News Stream
Turkish Economic Confidence Improves to 14-Month High
The economic optimism index in Turkey rose to 98.9 in March of 2021 from 95.8 in the previous month, the highest since January 2020. Confidence improved among consumers (86.7 vs 84.5 in February); service providers (105.5 vs 100.4); retailers (108.2 vs 108.9) and manufacturers (110.2 vs 108.7), but worsened among constructors (79.8 vs 83.1).
2021-03-31
Turkish Economic Confidence Weakens in February
The economic optimism index in Turkey declined to 95.8 in February of 2021 from 96.2 in the previous month. Confidence worsened among service providers (100.4 vs 101.9 in January), constructors (83.1 vs 84.2) and manufacturers (108.7 vs 109), but improved among consumers (84.5 vs 83.3) and retailers (108.9 vs 108.5).
2021-02-25
Turkey Economic Confidence Rises in January
The economic optimism index in Turkey increased to 96.2 in January of 2021 from an upwardly revised 94.7 in the previous month. Confidence improved among service providers (101.9 vs 99) and consumers (83.3 vs 80.1) but worsened among retailers (108.5 vs 108.7), constructors (84.2 vs 88.8) and manufacturers (109 vs 110.4).
2021-01-28
Turkish Economic Morale Falls to 4-Month Low
The economic optimism index in Turkey declined to 86.4 in December 2020, the lowest since August, amid a deterioration in confidence among service providers (70.4 vs 77.5 in November), retailers (87.6 vs 95.0), constructors (73.3 vs 79.0). Meanwhile, sentiment among consumers was unchanged (at 80.1) and that among manufacturers improved (110.4 vs 107.4). The index remained well below 97.2 a year earlier and 98.3 reached in February, before the coronavirus-hit.
2020-12-29

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.