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. source: Turkish Statistical Institute

Economic Optimism Index in Turkey averaged 98.83 points from 2007 until 2020, reaching an all time high of 114 points in January of 2011 and a record low of 52.40 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 January of 2021.

Economic Optimism Index in Turkey is expected to be 86.20 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 85.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 89.00 points in 2021 and 95.00 points in 2022, according to our econometric models.

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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
86.40 89.50 114.00 52.40 2007 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-29 07:00 AM Sep 88.5 85.9 84
2020-10-28 07:00 AM Oct 92.8 88.5 85.1
2020-11-27 07:00 AM Nov 89.5 92.8 94
2020-12-29 07:00 AM Dec 86.4 89.5 86.2
2021-01-28 07:00 AM Jan 86.4 81.2
2021-02-25 07:00 AM Feb 77.6
2021-03-31 07:00 AM Mar 78
2021-04-29 07:00 AM Apr


News Stream
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
Turkish Economic Confidence Weakens in November
The economic optimism index in Turkey declined to 89.5 in November of 2020 from 92.8 in October. Deteriorations were seen in confidence in the real sector, services, construction, and consumer confidence indices, while retail sector indices were unchanged. Still, the index remains below 94.3 a year earlier and 97.5 reached in February, before the coronavirus-hit.
2020-11-27
Turkey Economic Confidence Continues to Improve
The economic optimism index in Turkey increased to 92.8 in October of 2020 from 88.5 in September. The index continued to recover from a record low of 51.3 reported in April when the coronavirus pandemic started. Improvements were seen in confidence in the real sector (manufacturing industry), services, retail trade and construction confidence indices. Still, the index remains below 94.3 a year earlier and 97.5 reached in February, before the coronavirus-hit.
2020-10-28
Turkey Economic Confidence Rises for 5th Month
The economic optimism index in Turkey increased to 88.5 in September of 2020 from 85.9 in August. The index went up for the 5th month after reaching a record low of 51.3 in April due to the coronavirus pandemic. This increase in economic confidence index stemmed from the gains in consumer, manufacturing industry and services confidence indices. Still, it remains below the long term average of 99 and 97.5 in February.
2020-09-29

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.