Sectoral confidence indices for November announced in Turkey
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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