The economic confidence index in Turkey rose 1% to 100 in March 2024, up from 99 in the previous month. It was the highest reading since June 2023, as morale strengthened among consumers (79.4 vs 79.3 in February), manufacturers (103.5 vs 102), and service providers (120.4 vs 118.6). Meanwhile, sentiments weakened among retailers (113.3 vs 114.5), and constructors (88.6 vs 91.8). source: Turkish Statistical Institute

Economic Optimism Index in Turkey increased to 100 points in March from 99 points in February of 2024. Economic Optimism Index in Turkey averaged 99.99 points from 2007 until 2024, reaching an all time high of 113.90 points in January of 2011 and a record low of 53.30 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 April of 2024.

Economic Optimism Index in Turkey increased to 100 points in March from 99 points in February of 2024. Economic Optimism Index in Turkey is expected to be 100.00 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 2025, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-02-28 07:00 AM
Economic Confidence Index
Feb 99 99.4 100.2
2024-03-28 07:00 AM
Economic Confidence Index
Mar 100 99 99.4
2024-04-29 07:00 AM
Economic Confidence Index
Apr 100 100.2


Related Last Previous Unit Reference
Consumer Confidence 80.50 79.40 points Apr 2024
Consumer Spending 458741571.40 431763933.10 TRY Thousand Dec 2023
Economic Confidence Index 100.00 99.00 points Mar 2024
Retail Sales MoM 3.50 2.70 percent Feb 2024
Retail Sales YoY 25.10 13.70 percent Feb 2024

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
100.00 99.00 113.90 53.30 2007 - 2024 points Monthly

News Stream
Turkish Economic Confidence at 9-Month High
The economic confidence index in Turkey rose 1% to 100 in March 2024, up from 99 in the previous month. It was the highest reading since June 2023, as morale strengthened among consumers (79.4 vs 79.3 in February), manufacturers (103.5 vs 102), and service providers (120.4 vs 118.6). Meanwhile, sentiments weakened among retailers (113.3 vs 114.5), and constructors (88.6 vs 91.8).
2024-03-28
Turkish Economic Confidence Weakens in February
The economic confidence index in Turkey fell 0.4% to 99 in February 2024 from a six-month high of 99.4 in the previous month, as morale declined among consumers (79.3 vs 80.4 in January), manufacturers (102 vs 102.9), and retailers (114.5 vs 115.6). Meanwhile, sentiment improved among service providers (118.6 vs 116.8), and constructors (91.8 vs 90.9).
2024-02-28
Turkish Economic Confidence at 6-Month High
The economic confidence index in Turkey grew 3.1% to 99.4 in January 2024 from 96.4 in December. This marked the highest reading since July, as confidence improved among consumers (80.4 vs 77.4 in December), service providers (116.8 vs 112.3), and constructors (90.9 vs 88). Meanwhile, sentiment declined among manufacturers (102.9 vs 103.4) and retailers (115.6 vs 116.8).
2024-01-30