Economic Optimism Index in Turkey increased to 96.70 points in May from 94.70 points in April of 2022. source: Turkish Statistical Institute

Economic Optimism Index in Turkey averaged 99.93 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 June of 2022.

Economic Optimism Index in Turkey is expected to be 95.00 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
2022-04-28 07:00 AM Apr 94.7 95.7 93.5
2022-05-26 07:00 AM May 96.7 94.7 95
2022-06-29 07:00 AM Jun 96.7 92.5

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 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
96.70 94.70 112.80 57.00 2007 - 2022 points Monthly

News Stream
Turkish Economic Morale Weakest in 10 Months
The economic confidence index in Turkey decreased by 2.5 percent to 95.7 in March of 2022 from 98.2 in February, the lowest since May 2021. Sentiment deteriorated among manufacturers (108.2 vs 109.9 in February), service providers (111.3 vs 118.7), retailers (116 vs 119.8), and constructors (81 vs 82.7) but improved among consumers (72.5 vs 71.2).
Turkish Economic Confidence Weakens in February
The economic confidence index in Turkey dropped by 2.6 percent to 98.2 in February of 2022 from 100.8 a month earlier, as sentiment deteriorated among consumers (71.2 vs 73.2 in January), manufacturers (109.9 vs 111.9), service providers (118.7 vs 120.2), retailers (119.8 vs 124.4), and constructors (82.7 vs 85.5).
Turkish Economic Sentiment Improves to Start 2022
The economic confidence index in Turkey jumped to 100.8 in January of 2022 from 98.2 in December, pointing to the strongest reading in 3 months. Sentiment improved among consumers (73.2 vs 68.9), real estate sector (111.9 vs 110.1), services (120.2) and constructors (85.5 vs 90).