Sectoral Confidence Indices, February 2020 in Turkey
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of changes, February 2020
Services confidence index realized as 98.5
Seasonally adjusted confidence index which was 95.2 for services in January increased by 3.4% in February to 98.5. In services sector compared to the previous month, demand-turnover expectation over next three months index increased by 4.0% to 105.7. Business situation over past three months and demand-turnover over past three months indices increased by 3.2% and 2.9% respectively to 95.1 and 94.6.
Seasonally adjusted services confidence and tendency indices, February 2020
Retail trade confidence index realized as 102.9
Seasonally adjusted retail trade confidence index decreased by 2.0% in February to 102.9. In retail trade sector compared to the previous month, current volume of stock index decreased by 3.0% to 107.8. Business activity-sales expectation over next three months and business activity-sales over past three months indices decreased by 0.6% and 2.4% respectively to 105.0 and 95.7.
Seasonally adjusted retail trade confidence and tendency indices, February 2020
Construction confidence index realized as 74.5
Seasonally adjusted construction confidence index which was 78.9 in previous month decreased by 5.7% in February to 74.5. In construction sector compared to the previous month, total employment expectation over next three months index decreased by 5.1% to 88.5. Current overall order books index became 60.4 by decreasing 6.5%.
Seasonally adjusted construction confidence and tendency indices, February 2020
In construction sector, 64.8% of the enterprises indicated at least one factor limiting their activities while 35.2% of the enterprises indicated none in February. Among the main factors limiting activities in construction sector; “financial constraints” which was 48.5% in January realized as 42.1% in February, “insufficient demand” which was 36.1% in January realized as 34.7% in February and “weather conditions” which was 15.5% in January realized as 18.3% in February.
The next release on this subject will be on March 25, 2020.
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EXPLANATIONS
Sectoral confidence indices can take value between 0 and 200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.
Source: TurkStat
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