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Turkey’s sectoral confidence indices announced for November

by ChemOrbis Editorial Team -
  • 24/11/2015 (15:31)
The Turkish Statistical Institute (TUIK) has released its confidence indexes for Turkey’s services, construction and retail sectors for November 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 climbed 1.9% to a seasonally adjusted reading of 100.04 in November following a reading of 98.20 in October because of an increased number of managers expecting stronger demand-turnover data over the next three months.

The retail trade confidence index also rose 5.9% on the month to a reading of 105.29 in November because of an increased number of managers evaluating their current volume of stock as above normal considering the season and anticipations of an increase in the reading of a business activity- sales measurement for the next three months.

The construction sector confidence index, meanwhile, increased 5% to a reading of 84.29 in November due to an increased number of managers judging their current overall order books as above the seasonal average and expectations of 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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