Local Turkey

Turkey’s sectoral confidence increases in July

Key sectors of services, retail trade, construction climb from last month, official data shows

Confidence in Turkey’s key sectors of services, construction, and retail trade increased month-on-month in July, according to the country’s statistical authority on Monday.

The services sector rose the most by 5.8% to 114.8 this month driven by the significant improvement in the sub-indices of business situation and demand turnover over the past three months.

The construction sector confidence index climbed 4.7% from last month to 86.3 in July, as both the current overall order books and employment expectations over the next three months bettered.

The retail trade confidence index rose 3.7% month-on-month to 109.6,pushed up by business activity sales over the past three months sub-index.

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

Source
AA

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