Turkey’s sectoral confidence indices announced for November
According to the data, the seasonally adjusted confidence index for the services decreased by 1.4% in November to 99.7. This fall was driven by the decreased number of managers’ evaluations of “business situation” as improved and “demand-turnover” as increased. In service sector, the business situation, demand-turnover and demand-turnover expectation indices also decreased by 1.8% and 2.5% respectively month on month.
In addition, the seasonally adjusted retail trade confidence index dropped by 3.9% in November to 99.9 due to the decrease in the number of managers evaluating the “business activity-sales” as improved over the past three months. In retail trade sector, business activity-sales and business activity-sales expectation indices were down by 10% and 2.4% respectively on the month while the current volume of stock index slightly increased by 0.5% compared to the previous month.
The seasonally adjusted construction confidence index also decreased by 2.1% in November to 82.4 from 84.2 in October due to the decrease in the number of managers who evaluate the current overall order books as normal and expect an increase in “total employment” in the following three months. In construction sector, current overall order books and total employment expectation indices decreased by 0.5% and 3.2% respectively.
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