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Turkey’s sectoral confidence indices post mixed picture in September

Turkey’s sectoral confidence indices post mixed picture in September
Confidence for Turkey's retail trade, services sectors rise, while it slips for construction

By Tuba Sahin

ANKARA (AA) - Confidence in Turkey’s retail trade and services sectors grew in September while construction deteriorated month-on-month, official data showed on Friday.

The confidence index for retail trade jumped 4.8% on a monthly basis to 115.6 in September, as indices of current stock volumes and business activity-sales expectation over the next three months improved significantly, according to the Turkish Statistical Institute.

The services confidence index reached 117.8 this month, a rise of 1.5% from August thanks to increases in business sentiment and demand-turnover, the TurkStat said.

Calculated from the monthly survey, results are evaluated within a range of 0-200. Sectoral confidence indices signal an optimistic outlook when the value is above 100, and a pessimistic outlook when it is below 100.

The construction confidence index fell 0.7% to 91.8 in September, driven by drops in the sub-index of total employment expectations over the next three months.

source: News Feed
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