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Sectoral confidence indices for November announced in Turkey

by ChemOrbis Editorial Team -
  • 24/11/2014 (14:26)
The Turkish Statistical Institute (TUIK) released its confidence indexes for Turkey’s services, construction and retail sectors for November on their website on November 24. Since January 2014, the Institute has started to publish sectoral confidence indices on a seasonally adjusted basis in order to provide more reliable comparisons between consecutive periods.

The confidence index for the service sector posted a seasonally adjusted decrease of 2% month over month to post a reading of 95.9 due to a decreased number of managers judging their business situation to have improved as well as increased demand-turnover data for the past three months and expecting stronger demand-turnover over the next three months.

The country’s retail trade confidence index increased by a seasonally adjusted 0.6% month on month to post a reading of 104.8 in November owing to an increased number of managers evaluating their current volume of stock as below normal considering the season and an increase in a business activity- sales measurement over the next three months.

Meanwhile, the construction sector confidence index increased 1.4% to a reading of 82.9 in November due to an increased number of managers judging their current overall order books as above the seasonal average and a smaller number of managers expecting an increase in total employment over the next three months. Any reading above 100 indicates an optimistic outlook while readings below 100 indicate a pessimistic outlook.
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