The economic confidence index in Turkey increased to 93.8 in December 2019 from 91.3 in the previous month. This was the strongest reading since July last year, as sentiment improved among manufacturers (108.7 from 105.9 in November), service providers (93.2 from 91.3), retailers (102.6 from 101.2), and constructors (68.9 from 63.9). Meantime, morale weakened among consumers (58.8 from 59.9).

Economic Optimism Index in Turkey averaged 98.80 points from 2007 until 2019, reaching an all time high of 114.90 points in January of 2011 and a record low of 60.80 points in November of 2008. 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. source: Turkish Statistical Institute

Economic Optimism Index in Turkey is expected to be 92.50 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 94.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 101.00 points in 2020, according to our econometric models.


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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
93.80 91.30 114.90 60.80 2007 - 2019 points Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-27 07:00 AM Sep 86 87.1 85.9
2019-10-30 07:00 AM Oct 89.8 86 87.5
2019-11-28 07:00 AM Nov 91.3 89.8 90.9
2019-12-30 07:00 AM Dec 93.8 91.3 92.5
2020-01-29 07:00 AM Jan 93.8 93.2


News Stream
2019-11-28
Turkish Economic Morale Strongest in 16 Months
The economic confidence index in Turkey increased to 91.3 in November 2019 from 89.8 in the previous month. This was the strongest reading since July last year, as sentiment improved among manufacturers (105.9 from 104.2 in October), service providers (91.3 from 90.7) and consumers (59.9 from 57.0). Meantime, morale weakened among retailers (101.2 from 102.3) and constructors (63.9 from 65.1).

2019-10-30
Turkish Economic Morale Strongest in 15 Months
The economic confidence index in Turkey increased to 89.8 in October 2019 from 86 in the previous month. This was the strongest reading since July last year, as sentiment improved among all of sub-indices: manufacturers (104.2 from 99.7 in September), retailers (102.3 from 97.6), service providers (90.7 from 89.3), constructors (65.1 from 60.1) and consumers (57.0 from 55.8).

2019-09-27
Turkish Economic Confidence Weakens in September
The economic confidence index in Turkey fell to 86 in September 2019 from 87.1 in the previous month. Sentiment deteriorated among consumers (55.8 from 58.3 in August) and manufacturers (99.7 from 102.1) while improved among service providers (89.3 from 89.1), retailers (97.6 from 95) and constructors (60.1 from 55.5).

2019-08-28
Turkish Economic Confidence Strongest in a Year
The economic confidence index in Turkey rose to 87.1 in August 2019 from 80.7 in the previous month, reaching its highest level in a year. Sentiment improved among consumers (58.3 from 56.5 in July), manufacturers (102.1 from 96.6), service providers (89.1 from 83.5), retailers (95 from 90.4), and constructors (55.5 from 52.4).

2019-07-30
Turkish Economic Morale Weakens in July
The economic confidence index in Turkey declined to 80.7 in July 2019 from 83.4 in the previous month, as sentiment deteriorated among consumers (56.5 from 57.6 in June), manufacturers (96.6 from 99.6), service providers (83.5 from 85.4) and retailers (90.4 from 93.2). Meanwhile, sentiment improved among constructors (52.4 from 50.4).

2019-06-27
Turkish Economic Confidence Improves
The economic confidence index in Turkey jumped 5.9 points to 83.4 in June 2019 from May's seven-month low, as sentiment improved among consumers (57.6 vs 55.3), manufacturers (99.6 vs 94.7), service providers (85.4 vs 79.4), retailers (93.2 vs 89.9), and constructors (50.4 vs 49.8).


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.

Turkey Consumer Last Previous Highest Lowest Unit
Consumer Confidence 58.80 58.80 98.68 55.30 points [+]
Retail Sales MoM 1.70 0.20 5.00 -7.30 percent [+]
Retail Sales YoY 8.50 6.30 24.70 -8.80 percent [+]
Consumer Spending 273319794.80 251623522.40 281305683.60 101701774.50 TRY THO [+]
Consumer Credit 588691405.00 583796793.00 588691405.00 4110315.00 TRY THO [+]
Private Sector Credit 2025774064.00 2001285393.00 2135603878.00 4762.10 TRY Thousand [+]
Households Debt To GDP 13.90 14.20 19.60 0.10 percent of GDP [+]
Economic Optimism Index 93.80 91.30 114.90 60.80 points [+]
Gasoline Prices 1.20 1.21 2.68 0.56 USD/Liter [+]