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.