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Confidence index increased in services sector while decreased in retail trade and construction sectors in Turkey

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Sectoral Confidence Indices, September 2020 in Turkey

Seasonally adjusted confidence index increased by 6.4% in services sector while decreased by 1.5% in retail trade and decreased by 2.0% in construction sectors in September compared to the previous month.

Seasonally adjusted sectoral confidence indices, September 2020

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

Services confidence index realized as 74.9

Seasonally adjusted confidence index which was 70.5 for services in August increased by 6.4% in September to 74.9. In services sector compared to the previous month, business situation over past three months sub-index increased by 12.8% to 71.3. Demand-turnover over past three months sub-index increased by 12.6% to 69.8 and demand-turnover expectation over next three months sub-index decreased by 2.8% to 83.7.

Seasonally adjusted services confidence and tendency indices, September 2020

Retail trade confidence index realized as 93.5

Seasonally adjusted retail trade confidence index decreased by 1.5% in September to 93.5. In retail trade sector compared to the previous month, business activity-sales over past three months sub-index increased by 5.5% to 84.1. Current volume of stock sub-index decreased by 0.3% to 107.7 and business activity-sales expectation over next three months sub-index decreased by 8.6% to 88.5.

Seasonally adjusted retail trade confidence and tendency indices, September 2020

Construction confidence index realized as 83.3

Seasonally adjusted construction confidence index which was 85.0 in previous month decreased by 2.0% in September to 83.3. In construction sector compared to the previous month, current overall order books sub-index became 69.9 by decreasing 0.1%. Total employment expectation over next three months sub-index decreased by 3.3% to 96.6.

Seasonally adjusted construction confidence and tendency indices, September 2020

In construction sector, 63.0% of the enterprises indicated at least one factor limiting their activities while 37.0% of the enterprises indicated none in September. Among the main factors limiting activities in construction sector; “financial constraints” which was 40.1% in August realized as 39.3% in September, “insufficient demand” which was 31.5% in August realized as 32.8% in September and “other factors” which was 20.3% in August realized as 17.0% in September.

The next release on this subject will be on October 26, 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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