Turkey Economic Confidence Lowest in 6 Months

The Economic Confidence Index in Turkey fell to 97.9 in March 2026 from 100.7 in the previous month. This marked the lowest reading in six months, as all confidence indicators declined. Consumer sentiment weakened, with the index easing to 85 from 85.7 in February. Confidence in the real sector also dropped to 100 from 104.1, while the construction sector outlook deteriorated, falling to 80.6 from 83.9. The services sector index edged down to 113.2 from 113.8, and retail trade confidence declined to 113.6 from 115.9.

The Economic Confidence Index rose to 100.7 in February 2026 from 99.4 in each of the previous two months. This was the first time the index has surpassed the 100 mark since March 2025, indicating an optimistic outlook about the general economic situation. Retail trade confidence showed a more pronounced improvement, climbing to 115.9 from 112.6 in January. Sentiment in the real sector also strengthened, up to 104.1 from 103.0, while the services confidence index remained steady at 113.8. Consumer confidence improved as well, with the index up to 85.7 from 83.7. Conversely, the construction confidence index fell to 83.9 from 85.7.

The Economic Confidence Index in January 2026 remained unchanged at 99.4, holding steady from the revised figure in the previous month. Consumer morale edged up slightly, rising to 83.7 from 83.5, signaling a modest improvement in household sentiment. Confidence in the real sector (manufacturing) softened, with the index slipping to 103.0 from 103.7, suggesting a slight decline in producers’ expectations. Services outlook strengthened, climbing to 113.8 from 112.3, while retail trade confidence fell to 112.6 from 115.4, reflecting weaker optimism in the retail sector. The construction outlook index also improved, increasing to 85.7 from 84.5, pointing to a brighter outlook in the building sector.