Turkey’s sectoral confidence indices announced for January
The confidence index for the service sector declined 6.6% to a seasonally adjusted reading of 92.53 in January following a reading of 99.02 in December because of a decreased number of managers expecting stronger demand-turnover data over the next three months.
The retail trade confidence index, however, rose 3.6% on the month to a reading of 108.76 in January because of an increased 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 1.4% to a reading of 83.91 in January 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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