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Turkey’s sectoral confidence indices announced for August

by ChemOrbis Editorial Team -
  • 25/08/2015 (10:42)
The Turkish Statistical Institute (TUIK) released its confidence indexes for Turkey’s services, construction and retail sectors for August on their website. 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 confidence index for the service sector declined 0.7% to a seasonally adjusted reading of 100.65 in August following a reading of 101.37 in July because of a decreased number of managers expecting stronger demand-turnover data over the next three months.

The retail trade confidence index also posted a drop of 2.6% on the month to a reading of 101.86 in August because of a decreased number of managers evaluating their current volume of stock as below normal considering the season and anticipations of an increase in the reading of a business activity- sales measurement for the next three months.

Meanwhile, the construction sector confidence index dropped 0.7% to a reading of 82.10 in August due to a decreased number of managers judging their current overall order books as above the seasonal average and expecting a decrease 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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