Turkey’s sectoral confidence indices announced for March
The confidence index for the service sector declined 0.7% on the month on a seasonally adjusted basis to post a reading of 101.25 in March owing to a decreased 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 and expectations of stronger demand-turnover data over the next three months.
The retail trade confidence index also posted a seasonally adjusted decrease of 0.4% on the month to a reading of 102.97 in March because of a decreased number of managers evaluating their current volume of stock as above 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 slipped 1.6% to a reading of 83.67 in March due to a decreased number of managers judging their current overall order books as above the seasonal average and 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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