Turkey’s Consumer Confidence Index Hits 20-Month High in February

Optimism Grows as Consumer Confidence Climbs to 82.1

Turkey’s consumer confidence index rose to 82.1 in February, marking a 1.4% increase from 81.0 in January, according to data from the Turkish Statistical Institute (TurkStat) and the Central Bank of the Republic of Turkey (CBRT).

This surge brings the index to its highest level in 20 months, surpassing all figures since June 2023, when it last peaked at 85.1.

What Drives the Rise in Consumer Confidence?

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Economic optimism is a key factor behind the increase, though broader economic challenges persist. Analysts point to stabilizing inflation expectations, improved financial outlooks, and economic policy adjustments as potential contributors to growing consumer sentiment.

Looking Ahead: Sustained Recovery or Temporary Spike?

While the index remains below the 100-point threshold, which separates optimism from pessimism, the upward trend suggests increased consumer trust in economic stability. However, experts caution that inflation trends, monetary policy, and external economic factors will play a crucial role in determining whether confidence continues to rise.

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