The economic confidence index in Turkey rose to 94.3 in August of 2022 from 93.4 in the previous month, which was the lowest since May of 2021. Sentiment improved among consumers (72.2 vs 68 in July) and constructors (86.3 vs 85) but deteriorated among manufacturers (101.4 vs 102.5), service providers (116.2 vs 117.8) and retailers (112.9 vs 113.4). source: Turkish Statistical Institute

Economic Optimism Index in Turkey averaged 99.83 points from 2007 until 2022, reaching an all time high of 112.80 points in January of 2011 and a record low of 57 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 September of 2022.

Economic Optimism Index in Turkey is expected to be 93.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Economic Confidence Index is projected to trend around 102.00 points in 2023, according to our econometric models.

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Turkey Economic Confidence Index



Calendar GMT Actual Previous Consensus TEForecast
2022-07-28 07:00 AM Jul 93.4 93.6 94
2022-08-29 07:00 AM Aug 94.3 93.4 93.2
2022-09-29 07:00 AM Sep 94.3 93


Related Last Previous Unit Reference
Consumer Confidence 72.40 72.20 points Sep 2022
Retail Sales MoM -0.30 -0.60 percent Jul 2022
Retail Sales YoY 2.00 5.40 percent Jul 2022
Consumer Spending 348747713.70 309765624.30 TRY THO Jun 2022
Economic Optimism Index 94.30 93.40 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
94.30 93.40 112.80 57.00 2007 - 2022 points Monthly

News Stream
Turkish Economic Sentiment Recovers from 14-Month Low
The economic confidence index in Turkey rose to 94.3 in August of 2022 from the previous month's 14-month low of 93.4. Sentiment improved among consumers (72.2 vs 68 in July) and constructors (86.3 vs 85) but deteriorated among manufacturers (101.4 vs 102.5), service providers (116.2 vs 117.8) and retailers (112.9 vs 113.4).
2022-08-29
Turkish Economic Morale Hits 14-Month Low
The economic confidence index in Turkey decreased to 93.4 in July of 2022 from 93.6 in the prior month. It was the lowest reading since May 2021 as sentiment deteriorated among manufacturers (102.5 vs. 104.6 in June), service providers (117.8 vs. 119.6), and retailers (113.4 vs. 118.7). On the other hand, sentiment improved among consumers (68.0 vs. 63.4) and constructors (85.0 vs. 83.0).
2022-07-28
Turkish Economic Morale Hits 13-Month Low
The economic confidence index in Turkey decreased to 93.6 in June of 2022 from 96.7 in the prior month, the lowest since May 2021. Sentiment deteriorated among consumers (63.4 vs. 67.6 in May), manufacturers (104.6 vs. 107.0), service providers (119.6 vs. 121.7), retailers (118.7 vs. 121.4) but improved among constructors (83 vs. 81.6).
2022-06-29