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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
TurkeyTurkey Consumer Confidence climbed to 90.8% in August 2026
FMPMonthlyReleased August 2026
Turkey Consumer Confidence climbed to 90.8% in August 2026, up 1.0% from July's 89.8% reading. The reading matched the 90.0% consensus. Consumer Confidence has now risen for 6 consecutive months. Over the past 3 months, Consumer Confidence averaged 88.85%, vs 85.43% in the prior 3-month window. Consumer Confidence is now the highest in 34 months.
Latest Release
90.8
Actual
90
Consensus
89.8
Previous
Median Absolute Error
±1.16 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 90.93
Actual: 90.8
Error: +0.13
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.59 | COMMODITIES | Moves against | → View |
| USD/TRY | ▲ Direct | +0.51 | FOREX | Moves with | → View |
| S&P 500 | ▼ Inverse | −0.44 | INDEX | Moves against | → View |
| EUR/USD | ▼ Inverse | −0.36 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Consumer Confidence (Turkey) was reported at 90.8% in August 2026. This beat the market consensus of 90% by 0.8%. The reading rose from the previous value of 89.8%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 86.1%, ranging from 83.5% to 90.8% across 10 releases. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 89.5%, up from the prior three at 85.5%. Volatility over the past year (σ 2.44%) is comparable than the prior year (σ 2.29%). In August readings over the past 3 years, Consumer Confidence has averaged 83.83%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/TRY, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 1.16%.
WHAT TO WATCH NEXT
The next release is scheduled for September 22, 2026. Same-country events in the next 14 days include Business Confidence (Sep 21) and Unemployment Rate (Sep 30).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Consumer Confidence - TR
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About Consumer Confidence — Turkey
DEFINITION
Index The Consumer Confidence Index is a widely recognized financial indicator that measures the level of optimism or pessimism among consumers regarding the state of the economy. It is based on surveys and data collected from a representative sample of households, and is used by economists and investors to gauge consumer spending patterns and overall economic health. A higher index value indicates a positive outlook, while a lower value suggests a more negative sentiment. This index is a valuable tool for businesses and policymakers in making informed decisions and predicting future economic trends.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Aug 2026): actual 90.8 %, consensus 90 %. Prior reading (Jul 2026): 89.8 %. Before that (Jun 2026): 87.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.59) — a useful reference for commodities-focused traders.
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Economic Calendar - TR Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | TR | Auto Production YoY | 1.5 | -19.2 | -11 | -4.75 | Low |
| 07:00 | TR | Auto Sales YoY | -20.3 | -25 | -15 | -17.65 | Low |
| Monday, September 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | TR | Business Confidence | 102.8 | 102.5 | 103.50 | Medium | |
| 07:00 | TR | Capacity Utilization | 73.5 | 74 | 74.05 | Low | |