The economic confidence index in Turkey increased to a four-month high of 75.2 in December of 2018 from 73.7 in November, as sentiment improved among service providers (81.5 vs 79.8 in November), manufacturers (97.7 vs 96.8), and retailers (96.4 vs 90.7). Meantime, sentiment deteriorated among constructors (55.4 vs 56.6) and consumers (58.2 vs 59.6). Economic Optimism Index in Turkey averaged 99.56 Index points from 2007 until 2018, reaching an all time high of 116.50 Index points in January of 2011 and a record low of 60.40 Index points in November of 2008.
Economic Optimism Index in Turkey is expected to be 78.00 Index 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 91.50 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 100.00 Index points in 2020, according to our econometric models.