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.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September