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Turkey: Sectoral confidence up in September

Turkey: Sectoral confidence up in September
Confidence indices for service, retail trade, construction sectors rise on monthly basis, says statistical authority

By Muhammed Ali Gurtas

ANKARA (AA) - Sectoral confidence in Turkey rose for services, retail trade, and construction in September compared with last month, the country's statistical authority reported Tuesday.

"Seasonally adjusted confidence index which was 89.1 for services in August increased by 0.2% in September to 89.3," the Turkish Statistical Institute (TurkStat) said.

The retail trade confidence index stood at 97.6 this month, up 2.7% from 95 in August.

Seasonally adjusted construction confidence index -- 55.5 last month -- surged 8.3% in September to 60.1, according to TurkStat.

Sectoral confidence indices calculated from the monthly survey results are evaluated within the range of 0-200.

These indices indicate an optimistic outlook when the value is above 100, a pessimistic outlook when it is below 100.

TurkStat will release the next sectoral confidence figures on Oct. 25.

source: News Feed
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