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Turkey’s sectoral confidence indices announce for December

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/12/2014 (10:01)
The Turkish Statistical Institute (TUIK) released its confidence indexes for Turkey’s services, construction and retail sectors for December on their website on December 26. 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 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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