Business

Turkiye’s sectoral confidence rebounds in April

Service, retail trade, construction sector indices increase from last month

Confidence in key sectors in Turkiye bounced back in April compared to a month ago, the country’s statistical authority announced Monday.

The services and construction sectors’ indices both rose 3% month-on-month to 114.6 and 83.5, respectively, TurkStat said.

The retail trade confidence index increased 2.9% to 119.4 during the same period.

Calculated from the monthly survey, the 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.

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