The consumer confidence index in Turkey rose to 74.6 in October 2023, from 71.5 in the previous month. This marks the highest reading since July but it continues to reflect a pessimistic outlook as it remains below 100. Expectations improved for the general economic situation over the next 12 months (72.9 vs 68 in September), as well as for the financial situation of households (72.6 vs 68.9), indicating an increase in purchases of durable goods (93.2 vs 92.7). Meanwhile, the sentiment was also higher for general economic situation (45.8 vs 43.5), saving (68.7 vs 64.9) and current financial situation of households (59.7 vs 56.2). Additionally, the outlook on future inflation soared (60 vs 57.7), while concerns regarding unemployment over the next 12 months dropped slightly (72.3 vs 72.7). . source: Turkish Statistical Institute

Consumer Confidence in Turkey increased to 74.62 points in October from 71.47 points in September of 2023. Consumer Confidence in Turkey averaged 88.38 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 November of 2023.

Consumer Confidence in Turkey increased to 74.62 points in October from 71.47 points in September of 2023. Consumer Confidence in Turkey is expected to be 77.00 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 90.00 points in 2024 and 92.00 points in 2025, according to our econometric models.

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Turkey Consumer Confidence


Calendar GMT Reference Actual Previous Consensus TEForecast
2023-09-21 07:00 AM
Consumer Confidence
Sep 71.5 68 75.1
2023-10-23 07:00 AM
Consumer Confidence
Oct 74.6 71.5 75
2023-11-22 07:00 AM
Consumer Confidence
Nov 74.6 76.2


Related Last Unit Reference
Consumer Confidence 74.62 points Oct 2023
Retail Sales MoM -0.70 percent Sep 2023
Retail Sales YoY 13.85 percent Sep 2023
Consumer Spending 400609339.30 TRY Thousand Jun 2023
Economic Optimism Index 96.50 points Oct 2023

Turkey Consumer Confidence
In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.
Actual Previous Highest Lowest Dates Unit Frequency
74.62 71.47 106.10 63.40 2004 - 2023 points Monthly
SA

News Stream
Turkish Consumer Morale at 3-Month High
The consumer confidence index in Turkey rose to 74.6 in October 2023, from 71.5 in the previous month. This marks the highest reading since July but it continues to reflect a pessimistic outlook as it remains below 100. Expectations improved for the general economic situation over the next 12 months (72.9 vs 68 in September), as well as for the financial situation of households (72.6 vs 68.9), indicating an increase in purchases of durable goods (93.2 vs 92.7). Meanwhile, the sentiment was also higher for general economic situation (45.8 vs 43.5), saving (68.7 vs 64.9) and current financial situation of households (59.7 vs 56.2). Additionally, the outlook on future inflation soared (60 vs 57.7), while concerns regarding unemployment over the next 12 months dropped slightly (72.3 vs 72.7).
2023-10-23
Turkish Consumer Morale Improves Slightly
Turkey's consumer confidence indicator edged up to 71.5 in September 2023, recovering further from a one-year low of 68 reached in the previous month. Expectations improved for the general economic situation over the next 12 months (68 vs 63.1 in August), as well as for the financial situation of households (68.9 vs 63.7), indicating an increase in purchases of durable goods (92.7 vs 89). On the other hand, the sentiment was lower for general economic situation (43.5 vs 43.8) and saving (64.9 vs 66), while it remained unchanged for the current financial situation of households (at 56.2). Additionally, the outlook on future inflation (57.7 vs 55) and concerns regarding unemployment over the next 12 months soared (72.7 vs 68.4).
2023-09-21
Turkish Consumer Morale at 1-Year Low
The consumer confidence index in Turkey sharply dropped to 68 in August of 2023, marking the lowest reading since August last year, down from 80.1 in the previous month. Expectations deteriorated significantly for the general economic situation over the next 12 months (63.1 vs 82.2 in July), along with the financial situation of households (63.7 vs 79.2), indicating a decrease in purchases of durable goods (89 vs 94.4). The sentiment was also lower for the current financial situation of households (56.2 vs 64.5), general economic situation (43.8 vs 55.1) and saving (66 vs 69.6). On the other hand, the outlook on future inflation (55 vs 63.7) and concerns regarding unemployment over the next 12 months eased (68.4 vs 75.6).
2023-08-23