The consumer confidence index in Turkey rose to 57.6 in June 2019 from 55.3 in the previous month, but still remaining in pessimistic territory, amid high inflation and tight financial conditions. Expectations improved regarding households' financial situation (78.3 from 73.9 in May); general economic situation (73.9 from 70.1) and the willingness to save (22.0 from 20.8). Meanwhile, concerns about unemployment were unchanged (at 56.3). Consumer Confidence in Turkey averaged 74.41 Index Points from 2004 until 2019, reaching an all time high of 98.68 Index Points in February of 2004 and a record low of 55.30 Index Points in May of 2019.
Consumer Confidence in Turkey is expected to be 55.90 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Consumer Confidence in Turkey to stand at 59.00 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 75.00 Index Points in 2020, according to our econometric models.