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Turkey’s sectoral confidence indices announced for February

by ChemOrbis Editorial Team -
  • 23/02/2016 (14:37)
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 declined 3.5% to a seasonally adjusted reading of 89.24 in February following a reading of 92.53 in January because of a decreased number of managers expecting stronger demand-turnover data over the next three months.

The retail trade confidence index also fell 2.4% on the month to a reading of 106.18 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.

The construction sector confidence index, meanwhile, declined 1.3% to a reading of 82.82 in February due to a decreased 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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