Turkey’s sectoral confidence indices announced for April
The confidence index for the service sector decreased 3.8% to a seasonally adjusted reading of 89.93 in April following a reading of 93.50 in March because of a decreased number of managers expecting stronger demand-turnover data over the next three months.
The retail trade confidence index also decreased 5.9% to a seasonally adjusted reading of 103.95 in April because of a decreased number of managers anticipating an improvement in business activity-sales over the next three months.
The construction sector confidence index, however, increased 0.1% to a reading of 81.54 in April following a reading of 81.43 in March due to an increased 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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