Turkey’s sectoral confidence indices announced for March
The confidence index for the service sector climbed 4.8% to a seasonally adjusted reading of 93.50 in March following a reading of 89.24 in February because of an increased number of managers expecting stronger demand-turnover data over the next three months.
The retail trade confidence index also rose 4.1% on the month to a reading of 110.51 in March because of an increased number of managers anticipating an improvement in business activity-sales over the next three months.
The construction sector confidence index, however, declined 1.7% to a reading of 81.43 in March following 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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