The economic confidence index in Turkey increased to 61.7 in May of 2020 recovering from a record low of 53.1 in April due to the COVID-19 pandemic. All sectors saw an improvement in sentiment although it remained at low levels: service providers (51.1 from 46.1); manufacturers (73.5 from 62.3); retailers (79 from 75.2); constructors (58.5 from 44.7) and consumers (59.5 from 54.9).
Economic Optimism Index in Turkey averaged 99.38 points from 2007 until 2020, reaching an all time high of 114.80 points in January of 2011 and a record low of 51.30 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 2020. source: Turkish Statistical Institute
Economic Optimism Index in Turkey is expected to be 71.00 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 81.00 in 12 months time. In the long-term, the Turkey Economic Confidence Index is projected to trend around 85.00 points in 2021 and 91.00 points in 2022, according to our econometric models.