Türkiye’s sectoral confidence weakens in July

Türkiye’s sectoral confidence weakens in July

Confidence in services, retail trade, construction sectors drop compared to last month

By Tuba Ongun

ANKARA (AA) - Confidence in key sectors in Türkiye tapered off in July compared to the previous month, the country's statistical authority announced on Tuesday.

Among all sub-indices, the retail trade sector suffered the most, falling 2.6% to 114.7 in July.

Calculated from a monthly survey, the 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 below 100.

The construction sector confidence index dropped 0.9% from last month to 88.1 in July.

The services confidence index reached 117.3 this month, down 0.6% from June.

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