Turkey’s sectoral confidence indices announced for April

The Turkish Statistical Institute (TurkStat) released its confidence indices for Turkey’s services, retail trade and construction sectors for April on their website.

According to the data, the seasonally adjusted confidence index for the services increased by 3% in April to 99.9. This rise was driven by the increased number of managers’ evaluations of “business situation” as improved and “demand-turnover” as increased. In service sector, the business situation, demand-turnover and demand-turnover expectation indices also showed respective increases of 5%, 3.3% and 1.1% month on month.

Similarly, the seasonally adjusted retail trade confidence index rose by 4.1% in April to 101.6 due to the increase in the number of managers evaluating the “business activity-sales” as improved over the past three months. In retail trade sector, business activity-sales and business activity-sales expectation indices were up by 7.2% and 7% respectively on the month while current volume of stock index was down by 1.6%.

The seasonally adjusted construction confidence index, however, fell by 0.2% in April to 85.7 from 85.8 in March due to the decrease in the number of managers who expect an increase in “total employment” in the following three months. In construction sector, current overall order books and total employment expectation indices posted respective monthly decreases of 0.1% and 0.2% in April.