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Turkey’s sectoral confidence indices announced for February

by ChemOrbis Editorial Team -
  • 23/02/2015 (15:22)
The Turkish Statistical Institute (TUIK) released its confidence indexes for Turkey’s services, construction and retail sectors for February 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 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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