The economic confidence index in Turkey increased by 1.6% to 102.4 in September of 2021 from 100.8 in August, a new high since April of 2018. Sentiment improved among service providers (117.8 vs 116.1 in August), retailers (115.6 vs 110.3), manufacturers (113.3 vs 112.2) and consumers (79.7 vs 78.2). source: Turkish Statistical Institute

Economic Optimism Index in Turkey averaged 99.12 points from 2007 until 2021, reaching an all time high of 114 points in January of 2011 and a record low of 58.40 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 October of 2021.

Economic Optimism Index in Turkey is expected to be 101.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Economic Confidence Index is projected to trend around 105.00 points in 2022 and 102.00 points in 2023, according to our econometric models.

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Turkey Economic Confidence Index


Calendar GMT Actual Previous Consensus TEForecast
2021-06-29 07:00 AM Jun 97.8 92.6 94
2021-07-29 07:00 AM Jul 100.1 97.8 97
2021-08-27 07:00 AM Aug 100.8 100.1 100.6
2021-09-29 07:00 AM Sep 102.4 100.8 101.5
2021-10-27 07:00 AM Oct 102.4 99.9
2021-11-29 07:00 AM Nov
2021-12-30 07:00 AM Dec


News Stream
Turkey Economic Confidence Rises to Fresh 2018-High
The economic confidence index in Turkey increased by 1.6% to 102.4 in September of 2021 from 100.8 in August, a new high since April of 2018. Sentiment improved among service providers (117.8 vs 116.1 in August), retailers (115.6 vs 110.3), manufacturers (113.3 vs 112.2) and consumers (79.7 vs 78.2). However, confidence waned among constructors (91.8 vs 92.4).
2021-09-29
Turkey Economic Confidence Edges Up to Fresh 2018-High
The economic confidence index in Turkey edged up 0.7% to 100.8 in August of 2021 from 100.1 in July, a new high since April of 2018. Sentiment improved among manufacturers (112.2 vs 112.1 in July), service providers (16.1 vs 114.8), retailers (110.3 vs 109.6) and constructors (92.4 vs 86.3). Conversely, confidence continued to decrease among consumers (78.2 vs 79.5).
2021-08-27
Turkish Economic Confidence Strongest in Over 3 Years
The economic confidence index in Turkey increased by 2.3% to 100.1 in July of 2021 from 97.8 in June, the highest since May of 2018. Sentiment improved among manufacturers (112.1 vs 109.8 in June), service providers (114.8 vs 108.5), retailers (109.6 vs 105.7) and constructors (86.3 vs 82.4). Conversely, confidence decreased among consumers (79.5 vs 81.7).
2021-07-29
Turkish Economic Confidence at Over 1-Year High
The economic confidence index in Turkey rose to 97.8 in June of 2021 from 92.6 in the previous month. It was the strongest reading since February of 2020, following the relaxation in Covid-19 restrictions. Sentiment improved among consumers (81.7 vs 77.3 in May), manufacturers (109.8 vs 107.1), service providers (108.5 vs 102.2), retailers (105.7 vs 100.9) and constructors (82.4 vs 79.6).
2021-06-29

Turkey Last Unit Reference Previous Highest Lowest
Consumer Confidence 79.70 points Sep/21 78.20 106.10 73.90
Retail Sales MoM 0.30 percent Aug/21 1.20 23.90 -20.30
Retail Sales YoY 15.00 percent Aug/21 13.20 42.70 -20.00
Consumer Spending 281912681.60 TRY THO Jun/21 259387340.10 299142189.00 101260078.20
Economic Optimism Index 102.40 points Sep/21 100.80 114.00 58.40


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.