Business

Turkey’s sectoral confidence indices fall in December

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

The confidence in Turkey’s key sectors decreased in December compared to last month, the country’s statistical authority said Monday.

Among all sub-indices, the construction sector index posted the largest monthly decline with 3.9%. This stemmed from a fall in current overall order books and total employment expectation over the next three months.

Calculated from the monthly survey, the results are evaluated within the 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 services confidence index reached 118.8 in December, dropping by 0.5% from November as the business situation and demand-turnover over the past three months worsened.

The retail trade sector confidence index slipped 0.4% from last month to 121.5 in December, as both the current volume of stock and business activity-sales expectation over the next three months declined.

Source
AA

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