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.

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Turkey Economic Confidence Index

Actual Previous Highest Lowest Dates Unit Frequency
61.70 51.30 114.80 51.30 2007 - 2020 points Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-27 07:00 AM Feb 97.5 97.1 94.4
2020-03-27 07:00 AM Mar 91.8 97.5 89
2020-04-29 07:00 AM Apr 51.3 91.8 65
2020-05-28 07:00 AM May 61.7 51.3 55.1
2020-06-29 07:00 AM Jun 61.7 71
2020-07-30 07:00 AM Jul
2020-08-28 07:00 AM Aug
2020-09-29 07:00 AM Sep 74


News Stream
Turkey Economic Confidence Recovers Slightly in May
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).
2020-05-28
Turkey Economic Sentiment Falls to Record Low
The economic confidence index in Turkey dropped to 51.3 in April 2020 from 91.8 in the previous month. It was the lowest reading on record, as sentiment deteriorated among service providers (46.1 from 92.5 in March); manufacturers (62.3 from 98.6); retailers (75.2 from 101.7); constructors (44.7 from 77.2) and consumers (54.9 from 58.2).
2020-04-29
Turkish Economic Sentiment Weakest in 6 Months
The economic confidence index in Turkey decreased to 91.8 in March 2020 from 97.5 in the previous month. This was the weakest reading since September last year, as sentiment deteriorated among service providers (92.5 from 98.5 in February); manufacturers (98.6 from 106.7); and retailers (101.7 from 102.9). Meantime, morale strengthened among constructors (77.2 from 74.5) and consumers (58.2 vs 57.3).
2020-03-27
Turkish Economic Morale Strongest in 21 Months
The economic confidence index in Turkey increased to 97.5 in February 2020 from 97.1 in the previous month. This was the strongest reading since May 2018, as sentiment improved among service providers (98.5 from 95.2 in January) and manufacturers (106.7 from 106.4). Meantime, morale weakened among retailers (102.9 from 105.0), constructors (74.5 from 78.9), and consumers (57.3 vs 58.8).
2020-02-27

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.