Home News Confidence index increased in services, retail trade and construction sectors in Turkey

Confidence index increased in services, retail trade and construction sectors in Turkey

Sectoral Confidence Indices in Turkey

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Sectoral Confidence Indices, July 2020 in Turkey

Seasonally adjusted confidence index increased by 20.2% in services, 9.6% in retail trade and 11.6% in construction sectors in July compared to the previous month.

Seasonally adjusted sectoral confidence indices, July 2020

Seasonally adjusted sectoral confidence indices, sub-indices and the rate of changes, July 2020

Services confidence index realized as 66.7

Seasonally adjusted confidence index which was 55.5 for services in June increased by 20.2% in July to 66.7. In services sector compared to the previous month, business situation over past three months sub-index increased by 42.5% to 54.5. Demand-turnover over past three months sub-index increased by 36.5% to 55.2 and demand-turnover expectation over next three months sub-index increased by 2.9% to 90.3.

Seasonally adjusted services confidence and tendency indices, July 2020

Retail trade confidence index realized as 94.6

Seasonally adjusted retail trade confidence index increased by 9.6% in July to 94.6. In retail trade sector compared to the previous month, business activity-sales over past three months sub-index increased by 43.1% to 69.6. Current volume of stock sub-index decreased by 2.9% to 110.4 and business activity-sales expectation over next three months sub-index increased by 7.3% to 103.9.

Seasonally adjusted retail trade confidence and tendency indices, July 2020

Construction confidence index realized as 87.0

Seasonally adjusted construction confidence index which was 78.0 in previous month increased by 11.6% in July to 87.0. In construction sector compared to the previous month, current overall order books sub-index became 73.9 by increasing 25.0%. Total employment expectation over next three months sub-index increased by 3.4% to 100.0.

Seasonally adjusted construction confidence and tendency indices, July 2020

In construction sector, 63.1% of the enterprises indicated at least one factor limiting their activities while 36.9% of the enterprises indicated none in July. Among the main factors limiting activities in construction sector; “financial “constraints” which was 36.8% in June realized as 38.2% in July, “insufficient demand” which was 34.5% in June realized as 31.9% in July and “other factors” which was 32.8% in June realized as 19.9% in July.

The next release on this subject will be on August 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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