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Confidence in Turkey’s key sectors of services, construction, and retail trade increases in August

Confidence in Turkey’s key sectors of services, construction, and retail trade increases in August

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

The seasonally adjusted confidence index, which was 114.8 for services in July, increased by 1.2% in August to 116.

The construction sector confidence index climbed 7.1% from last month to 92.4 in July, as both the current overall order books and employment expectations over the next three months improved.

The retail trade confidence index rose 0.6% month-on-month to 110.3, driven by the sub-index on business activity sales over the past three months.

Calculated via a monthly survey, the index is 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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