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.
_____________________________________________________________________________________________
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
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
