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.