The consumer confidence indicator in Turkey plunged to 63.4 in June of 2022 from 67.6 in the previous month, the lowest level since the series began in 2004. The most marked deterioration in confidence was seen in expectations for the financial situation of households over the next 12 months (59.9 vs. 66.5 in May), as surging inflation and a weak lira weighed further on sentiment. source: Turkish Statistical Institute

Consumer Confidence in Turkey averaged 89.17 points from 2004 until 2022, reaching an all time high of 106.10 points in January of 2004 and a record low of 63.40 points in June of 2022. This page provides the latest reported value for - Turkey Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Turkey Consumer Confidence - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

Consumer Confidence in Turkey is expected to be 68.30 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Turkey Consumer Confidence is projected to trend around 95.00 points in 2023, according to our econometric models.

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Turkey Consumer Confidence



Calendar GMT Actual Previous Consensus TEForecast
2022-05-20 07:00 AM May 67.6 67.3 68
2022-06-22 07:00 AM Jun 63.4 67.6 68.3
2022-07-19 07:00 AM Jul 63.4


Related Last Previous Unit Reference
Consumer Confidence 63.40 67.60 points Jun 2022
Retail Sales MoM 2.10 0.70 percent Apr 2022
Retail Sales YoY 14.70 2.70 percent Apr 2022
Consumer Spending 309765624.30 363070054.60 TRY THO Mar 2022
Economic Optimism Index 96.70 94.70 points May 2022

Turkey Consumer Confidence
In Turkey, Consumer Tendency Survey aims to measure present situation assessments and future period expectations of consumers' on personal financial standing and general economic course and to determine consumers' expenditure and saving tendencies for near future. The survey covers a randomly selected sample of all individuals at the age of 15 and above having a job in urban and rural areas. The index is evaluated between 0 and 200. The reading above 100 means consumers are optimistic and below 100 are pessimistic.
Actual Previous Highest Lowest Dates Unit Frequency
63.40 67.60 106.10 63.40 2004 - 2022 points Monthly
SA

News Stream
Turkish Consumer Confidence Hits All-Time Low
The consumer confidence indicator in Turkey plunged to 63.4 in June of 2022 from 67.6 in the previous month, the lowest level since the series began in 2004. The most marked deterioration in confidence was seen in expectations for the financial situation of households over the next 12 months (59.9 vs. 66.5 in May), as surging inflation and a weak lira weighed further on sentiment. The annual inflation rate in Turkey accelerated for the 12th consecutive month to 73.5 percent in May of 2022, the highest since October 1998.
2022-06-22
Turkish Consumer Mood Improves in May
The consumer confidence indicator in Turkey was at 67.6 in May of 2022, edging slightly higher from the record-low of 67.3 in the previous month. Confidence improved for households’ financial situation expectations over the next 12 months (66.5 vs 63.9 in April). On the other hand, sentiment was seen lower the general economic situation compared at present (37.9 vs 39.4) and expectations for the general economic situation over the next 12 months (66.3 vs 67.3).
2022-05-20
Turkish Consumer Mood Falls to All-Time Low
The consumer confidence indicator in Turkey fell by 7.3% to 67.3 in April of 2022 from 72.5 in the previous month, the lowest since the series began in 2004. All sub-indices deteriorated: the general economic situation (67.3 vs 72.6 in March), the financial situation expectation over the next 12-month (63.9 vs 69.9), the financial situation at present (49.1 vs 54.4), and the assessment about purchases of durable goods (88.8 vs 93.3).
2022-04-21