Confidence index increases in services, retail trade and construction sectors in Turkey

Confidence index increases in services, retail trade and construction sectors in Turkey

Seasonally adjusted confidence index increased by 6.4% in services sector, 1.7% in retail trade sector and 0.6% in construction sector in October compared to the previous month, Turkish Statistical Institute said in a statement on Monday.

Services confidence index realized as 79.7

Seasonally adjusted confidence index which was 74.9 for services in September increased by 6.4% in October to 79.7. In services sector compared to the previous month, business situation over past three months sub-index increased by 8.0% to 77.0. Demand-turnover over past three months sub-index increased by 7.2% to 74.9 and demand-turnover expectation over next three months sub-index increased by 4.3% to 87.4.

Retail trade confidence index realized as 95.0

Seasonally adjusted retail trade confidence index increased by 1.7% in October to 95.0. In retail trade sector compared to the previous month, business activity-sales over past three months sub-index increased by 3.0% to 86.6. Current volume of stock sub-index decreased by 0.2% to 107.5 and business activity-sales expectation over next three months sub-index increased by 2.7% to 90.9.

Construction confidence index realized as 83.8

Seasonally adjusted construction confidence index which was 83.3 in previous month increased by 0.6% in October to 83.8. In construction sector compared to the previous month, current overall order books sub-index became 69.8 by decreasing 0.2%. Total employment expectation over next three months sub-index increased by 1.2% to 97.8.

In construction sector, 64.8% of the enterprises indicated at least one factor limiting their activities while 35.2% of the enterprises indicated none in October. Among the main factors limiting activities in construction sector; "financial constraints" which was 39.3% in September realized as 42.4% in October, "insufficient demand" which was 32.8% in September realized as 30.2% in October and "other factors" which was 17.0% in September realized as 16.2% in October. 

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