Turkey Economic Confidence Rises to 4-Month High

Turkey's Economic Confidence Index rose to 99.8 in July 2026 from 98.9 in the previous month, reaching its highest level since February and moving closer to the 100 threshold that separates optimism from pessimism. The improvement was driven by improving consumer confidence, which rose 2.2% to 89.8, alongside gains in the services sector (+1.4% to 112.0) and construction (+0.6% to 83.5). In contrast, confidence in the manufacturing sector slipped 0.8% to 101.2, while retail trade confidence fell 1.6% to 111.0. Despite the overall improvement, the headline index remained below the 100 mark, indicating that economic sentiment continued to point to a slightly pessimistic outlook.

The Economic Confidence Index in Turkey rose to 98.9 in June 2026 from 97.2 in the previous month, reaching its highest level since February as all five sub-indices posted monthly increases. Consumer confidence recorded the strongest improvement, with the index rising 2.5% month over month to 87.9 from 85.8 in May. The manufacturing confidence index increased to 102 from 101, the services confidence index climbed to 110.5 from 109, the retail trade confidence index edged up to 112.8 from 112.5, and the construction confidence index rose to 83 from 82.1. Despite the broad-based improvement, the economic confidence index remained below the 100 threshold, suggesting a still pessimistic outlook for the general economic situation.

The Economic Confidence Index in Turkey rose to 97.2 in May 2026 from 96.4 in the previous month. The real sector confidence index increased to 101.0 from 98.6, marking a solid 2.4% monthly gain and moving above the neutral 100 level. Retail trade confidence also strengthened, rising to 112.5 from 111.6, while consumer confidence edged up slightly to 85.8 from 85.5. In contrast, the services sector index declined to 109.0 from 109.7, suggesting a mild cooling in activity expectations. Construction confidence also fell more sharply to 82.1 from 83.6, pointing to continued weakness in the sector. Despite the overall improvement, the economic confidence index remained below the 100 threshold, indicating a still pessimistic outlook for the general economic situation.