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). source: Turkish Statistical Institute

Economic Optimism Index in Turkey averaged 99.08 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 July of 2021.

Economic Optimism Index in Turkey is expected to be 94.00 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 104.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 105.00 points in 2022 and 100.00 points in 2023, according to our econometric models.

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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
97.80 92.60 114.00 58.40 2007 - 2021 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-31 07:00 AM Mar 98.9 95.8 98
2021-04-29 07:00 AM Apr 93.9 98.9 97
2021-05-28 07:00 AM May 92.6 93.9 95.1
2021-06-29 07:00 AM Jun 97.8 92.6 94
2021-07-29 07:00 AM Jul 97.8 97
2021-08-27 07:00 AM Aug
2021-09-29 07:00 AM Sep
2021-10-27 07:00 AM Oct


News Stream
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
Turkish Economic Confidence at 9-Month Low
The economic confidence index in Turkey fell to 92.6 in May of 2021 from 93.9 in the previous month. It was the lowest reading since August of 2020, following the reintroduction of tight measures to tackle a surge in Covid-19 cases. Sentiment waned among consumers (77.3 vs 80.2 in April), manufacturers (107.1 vs 107.4), service providers (102.2 vs 103.3) and retailers (10.9 vs 103.1). Conversely, confidence increased among constructors (79.6 vs 77.3).
2021-05-28
Turkish Economic Confidence Index Falls in April
The economic confidence index in Turkey declined to 93.9 in April 2021, from the previous month's 14-month high of 98.9, amid a deterioration in confidence among consumers (80.2 vs 86.7), manufacturers (107.4 vs 110.2), service providers (103.3 vs 105.5), retailers (103.1 vs 109.2), and constructors (77.3 vs 79.8).
2021-04-29
Turkish Economic Confidence Improves to 14-Month High
The economic optimism index in Turkey rose to 98.9 in March of 2021 from 95.8 in the previous month, the highest since January 2020. Confidence improved among consumers (86.7 vs 84.5 in February); service providers (105.5 vs 100.4); retailers (108.2 vs 108.9) and manufacturers (110.2 vs 108.7), but worsened among constructors (79.8 vs 83.1).
2021-03-31

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.