The consumer confidence index in Turkey increased to 59.6 in November 2018 from 57.3 in the previous month, boosted by an improvement in expectations regarding households' financial situation (77.5 vs 73.5 in October); general economic situation (77.4 vs 72.8); probability of saving (20.1 vs 19.2). On the other hand, expectations regarding unemployment deteriorated (63.4 vs 63.6). Consumer Confidence in Turkey averaged 75.03 Index Points from 2004 until 2018, reaching an all time high of 98.68 Index Points in February of 2004 and a record low of 55.66 Index Points in November of 2008.
Consumer Confidence in Turkey is expected to be 52.70 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 59.50 in 12 months time. In the long-term, the Turkey Consumer Confidence is projected to trend around 82.50 Index Points in 2020, according to our econometric models.