The economic confidence index in Turkey fell to 92.6 in May of 2021 from 93.9 in the previous month. It was the lowest reading since August of 2020, following the reintroduction of tight measures to tackle a surge in Covid-19 cases. Sentiment waned among consumers (77.3 vs 80.2 in April), manufacturers (107.1 vs 107.4), service providers (102.2 vs 103.3) and retailers (10.9 vs 103.1). Conversely, confidence increased among constructors (79.6 vs 77.3). source: Turkish Statistical Institute
Economic Optimism Index in Turkey averaged 99.09 points from 2007 until 2021, reaching an all time high of 114 points in January of 2011 and a record low of 58.40 points in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Economic Optimism Index in Turkey is expected to be 97.00 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 104.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 105.00 points in 2022 and 100.00 points in 2023, according to our econometric models.