The economic confidence index in Turkey decreased to 78.5 in January 2019 from an upwardly revised 81.9 in the previous month, as sentiment deteriorated among service providers (78.3 vs 81.5 in December), retailers (92.5 vs 96.4), manufacturers (95.4 vs 97.7) and consumers (58.2 vs 58.7). Meantime, sentiment among constructors improved (56.7 vs 55.4). Economic Optimism Index in Turkey averaged 99.85 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 84.10 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 99.40 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 100.00 Index points in 2020, according to our econometric models.