Turkey’s sectoral confidence indices announced for February
by ChemOrbis Editorial Team - content@chemorbis.com
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.
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.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
