Turkey’s sectoral confidence indices announced for February
The confidence index for the service sector increased 0.9% month over month on a seasonally adjusted basis to post a reading of 101.94 in February owing 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. The expectations for demand-turnover data over the next three months remained unchanged.
The retail trade confidence index, however, posted a seasonally adjusted decrease of 0.8% on the month to retreat to a reading of 103.53 in February because of a decreased number of managers evaluating their current volume of stock as below normal considering the season and anticipations of a decrease in the reading of a business activity- sales measurement for the next three months.
Meanwhile, the construction sector confidence index increased 2.9% to a reading of 84.98 in February due to an increased number of managers judging their current overall order books as above the seasonal average and a higher 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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