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Türkiye’s consumer confidence index rose 1.6% in November compared to the previous month, reaching 85, the Turkish Statistical Institute (TurkStat) said Thursday, reflecting cautious improvement in household sentiment.
All sub-indices registered gains, with the strongest increase recorded in the assessment of the present financial situation of households, which rose by 2.7%.
Expectations for households’ financial situation over the next 12 months increased by 1.9%, while the sub-index measuring expectations for the general economic outlook in the same period rose by 1.3%.
Meanwhile, the tendency to spend money on durable goods over the next 12 months edged up 0.9%.
The consumer confidence index ranges from 0 to 200, with values below 100 indicating pessimism about the economic outlook and values above 100 signaling optimism.
In a separate development, the European Commission projected that Türkiye’s economy will grow by 3.4% in both 2025 and 2026, before accelerating to 4% in 2027.
The forecast, part of the Commission’s Autumn 2025 European Economic Forecast report released Monday, highlighted household consumption as the primary growth driver, supported by rising employment and wealth effects from elevated gold prices.
The report noted that domestic demand remained strong in the first half of 2025 despite tight monetary policy.
Türkiye’s economy grew by 4.8% in the second quarter of 2025, driven by a 5.1% rise in household consumption and an 8.8% surge in investment, both of which contributed significantly to better-than-expected performance, the Commission said.
The government’s Medium-Term Program (2026–2028) forecasts economic growth of 3.3% in 2025, 3.8% in 2026, and 4.3% in 2027.
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