The economic confidence index in Turkey fell to 67.5 in October of 2018 from 71 in September. It was the lowest reading since January of 2009 as sentiment deteriorated among consumers (57.3 vs 59.3 in September), service providers (75.7 vs 79.4) and retailers (87 vs 88.5). Meantime, sentiment improved among manufacturers (91.1 vs 90.4) and constructors (58.7 vs 57.3). 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 82.00 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.

Turkey Economic Confidence Index
Forecast Data Chart
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Turkey Consumer Last Previous Highest Lowest Unit
Consumer Confidence 57.30 59.30 98.68 55.66 Index Points [+]
Retail Sales MoM -4.60 0.20 5.00 -7.30 percent [+]
Retail Sales YoY -3.40 1.50 24.70 -5.90 percent [+]
Consumer Spending 262057700.20 249342016.00 282426440.20 101701774.50 TRY THO [+]
Private Sector Credit 2054464804.00 2135603878.00 2135603878.00 4762.10 TRY Thousand [+]
Consumer Credit 521319974.00 528496370.00 531736763.00 4110315.00 TRY THO [+]
Gasoline Prices 1.27 1.17 2.68 0.56 USD/Liter [+]
Households Debt To GDP 16.60 17.10 19.60 0.10 percent of GDP [+]
Economic Optimism Index 67.50 71.00 116.50 60.40 Index points [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
67.50 71.00 116.50 60.40 2007 - 2018 Index points Monthly

Country Last
Euro Area 109.80 Oct/18
Turkey 67.50 Oct/18
United States 56.40 Nov/18