The consumer confidence index in Turkey climbed to 91.1 in May 2023, the highest since July 2018, from 87.5 in the previous month. Expectations improved sharply for the general economic situation over the next 12 months (100.5 vs 95.2 in April), the financial situation of households (94 vs 89.8), and spending money on durable goods (99.1 vs 96.1). The sentiment was also higher for the current general economic situation (61.3 vs 58.6), the financial situation of households (70.6 vs 69.1), and saving (72.5 vs 72.1). At the same time, the outlook on future inflation increased (77.1 vs 72.1), while concerns regarding unemployment over the next 12 months also grew (89.4 vs 84.4 ). source: Turkish Statistical Institute

Consumer Confidence in Turkey averaged 88.65 points from 2004 until 2023, reaching an all time high of 106.10 points in January of 2004 and a record low of 63.40 points in June of 2022. This page provides the latest reported value for - Turkey Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Consumer Confidence in Turkey is expected to be 94.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Consumer Confidence is projected to trend around 98.00 points in 2024 and 101.00 points in 2025, according to our econometric models.

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Turkey Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2023-04-19 07:00 AM Apr 87.5 80.1 78
2023-05-22 07:00 AM May 91.1 87.5 84.3
2023-06-19 07:00 AM Jun 91.1 94.5


Related Last Previous Unit Reference
Consumer Confidence 91.10 87.50 points May 2023
Retail Sales MoM 7.30 -6.50 percent Mar 2023
Retail Sales YoY 28.60 21.50 percent Mar 2023
Consumer Spending 366087914.80 419357061.30 TRY THO Mar 2023
Economic Optimism Index 103.70 102.20 points May 2023

Turkey Consumer Confidence
In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.
Actual Previous Highest Lowest Dates Unit Frequency
91.10 87.50 106.10 63.40 2004 - 2023 points Monthly
SA

News Stream
Turkish Consumer Morale at Nearly 5-Year High
The consumer confidence index in Turkey climbed to 91.1 in May 2023, the highest since July 2018, from 87.5 in the previous month. Expectations improved sharply for the general economic situation over the next 12 months (100.5 vs 95.2 in April), the financial situation of households (94 vs 89.8), and spending money on durable goods (99.1 vs 96.1). The sentiment was also higher for the current general economic situation (61.3 vs 58.6), the financial situation of households (70.6 vs 69.1), and saving (72.5 vs 72.1). At the same time, the outlook on future inflation increased (77.1 vs 72.1), while concerns regarding unemployment over the next 12 months also grew (89.4 vs 84.4 ).
2023-05-22
Turkish Consumer Morale Highest Since 2018
The consumer confidence index in Turkey jumped to 87.5 in April of 2023, the highest since August 2018, from 80.1 in the previous month. There were significant improvements regarding the expectations over the next 12 months for the general economic situation (95.2 vs 83 in March), the financial situation of households (89.8 vs 79.6), and spending money on durable goods (96.1 vs 92). The sentiment was also higher for the current general economic situation (58.6 vs 54.6), the financial situation of households (69.1 vs 66), and saving (72.1 vs 65). At the same time, the outlook on future inflation increased (72.1 vs 68.8), while concerns regarding unemployment over the next 12 months also grew (84.4 vs 74.7).
2023-04-19
Turkish Consumer Morale Weakens in March
The consumer confidence index in Turkey dropped to 80.1 in March of 2023, from 82.5 in the previous month. There were deteriorations in the current general economic situation (54.6 vs 54.9 in February) and expectations over the next 12 months regarding the general economic situation (83 vs 85.8) and financial situation of households (79.6 vs 84.2). The sentiment was also lower for spending money on durable goods in 12 months (92 vs 94.5) and saving (65 vs 68). On the other hand, there was a slight improvement in the current financial situation of households (66 vs 65.5). Meanwhile, unemployment prospects decreased over the next 12 months (74.7 vs 77.5).
2023-03-23