Turkey’s sectoral confidence indices announced for Nov
by ChemOrbis Editorial Team - content@chemorbis.com
The Turkish Statistical Institute (TurkStat) released their confidence indices for Turkey’s services, retail trade and construction sectors for November on their website.
According to the data, the seasonally adjusted confidence index for services increased by 5.4% in November to 79.8. The latest gains stemmed from the increased number of managers evaluating “business situation” as improved and “demand-turnover” as increased.
In the service sector, business situation, demand-turnover, and demand-turnover expectation indices increased by 4.8%, 8%, and 4%, respectively when compared to October to 72, 74.4 and 93.1.
The seasonally adjusted retail trade confidence index also rose by 4.3% in November to 90.7 due to the increased number of managers evaluating the “business activity-sales” as improved over the past three months.
In the retail trade sector, business activity-sales and business activity-sales expectation indices increased by 6.2% and 14%, respectively from the previous month to 67.6 and 91.7. The current volume of the stock index, meanwhile, decreased by 3.5% to 112.9.
The seasonally adjusted construction confidence decreased by 3.5% in November to 56.6, while the current overall order books and total employment expectation indices decreased by 5% and 2.5%, respectively month-on-month to 45.4 and 67.7.
According to the data, the seasonally adjusted confidence index for services increased by 5.4% in November to 79.8. The latest gains stemmed from the increased number of managers evaluating “business situation” as improved and “demand-turnover” as increased.
In the service sector, business situation, demand-turnover, and demand-turnover expectation indices increased by 4.8%, 8%, and 4%, respectively when compared to October to 72, 74.4 and 93.1.
The seasonally adjusted retail trade confidence index also rose by 4.3% in November to 90.7 due to the increased number of managers evaluating the “business activity-sales” as improved over the past three months.
In the retail trade sector, business activity-sales and business activity-sales expectation indices increased by 6.2% and 14%, respectively from the previous month to 67.6 and 91.7. The current volume of the stock index, meanwhile, decreased by 3.5% to 112.9.
The seasonally adjusted construction confidence decreased by 3.5% in November to 56.6, while the current overall order books and total employment expectation indices decreased by 5% and 2.5%, respectively month-on-month to 45.4 and 67.7.
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