Business

Turkiye’s sectoral confidence weakens in March

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

Confidence in key sectors in Turkiye tapered off compared to last month, the country’s statistical authority announced Friday.

Among all sub-indices, the services sector suffered the most, falling 6.2% to 111.3 in March as the business situation and demand-turnover over the past three months besides expectations for the next three months worsened.

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 retail trade sector confidence index dropped 3.1% from last month to 116,driven by decline in both the current stock volume and business activity-sales expectations.

The construction confidence index reached 81 this month, down 2% from February.

Source
AA

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