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Turkish Economic Confidence Index

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Turkish Economic Confidence Index

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Delivery Method

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Status

 
Latest Release
Aug 27, 2021
Actual
100.80
Previous
100.10
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 sub-indices of consumer confidence, seasonally adjusted real sector (manufacturing industry), services, retail trade and construction confidence indices. In the calculation of economic confidence index, each sectoral weights are not directly applied to the five confidence indices themselves but to their normalised individual sub-indices series as equally-distributed in each sector. Within this scope, totally 20 sub-indices of confidence indices for consumer, real sector, services, retail trade and construction are used in the calculation. Sub-indices used in the calculation of economic confidence index are calculated with data collected in the first two weeks of each month. It indicates an optimistic outlook about the general economic situation when economic confidence index is above 100, whereas it indicates a pessimistic outlook when it is below 100.
Importance:
Country:
Currency: TRY
Source: TURKSTAT-Turkish Statistical I...
Turkish Economic Confidence Index
 
Release Date Time Actual Forecast Previous
Sep 29, 2021 (Sep) 09:00     100.80
Aug 27, 2021 (Aug) 09:00 100.80   100.10
Jul 29, 2021 (Jul) 09:00 100.10   97.80
Jun 29, 2021 (Jun) 09:00 97.80   92.60
May 28, 2021 (May) 09:00 92.60   93.90
Apr 29, 2021 (Apr) 09:00 93.90   98.90

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Turkish Economic Confidence Index Discussion

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