Turkey’s sectoral confidence indices announce for December
The country’s confidence index for the service sector posted a seasonally adjusted increase of 0.8% month over month to post a reading of 97.5 in December due to an increased number of managers judging their business situation to have improved over the past three months as well as increased demand-turnover data over the past three months and expectations of stronger demand-turnover over the next three months.
The retail trade confidence index increased by a seasonally adjusted 1.9% month on month to reach a reading of 107.1 in December owing to an increased number of managers evaluating their current volume of stock as below normal considering the season and anticipations of an increase in a business activity- sales measurement for the next three months.
Meanwhile, the construction sector confidence index climbed 0.4% to post a reading of 83.3 in December 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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