Services confidence index realized as 93.2 in Turkey

Seasonally adjusted confidence index which was 91.3 for services in November increased by 2% in December to 93.2. In services sector; business situation, demand-turnover and demand-turnover expectation indices increased by 0.6%, 1.9% and 3.4% respectively to 89.8, 89.3 and 100.5 compared to the previous month.

Retail trade confidence index realized as 102.6

Seasonally adjusted retail trade confidence index increased by 1.4% in December to 102.6. In retail trade sector; business activity-sales and current volume of stock indices increased by 2% and 3.4% respectively to 96.9 and 109.3 compared to the previous month. On the other hand, business activity-sales expectation index decreased by 1.2% to 101.8 in December.

Seasonally adjusted sectoral confidence indices, December 2019

Construction confidence index realized as 68.9

Seasonally adjusted construction confidence index which was 63.9 in previous month increased by 7.9% in December to 68.9. In construction sector; current overall order books and total employment expectation indices increased by 9.1% and 7.2% respectively to 48.6 and 89.2 compared to the previous month.

Seasonally adjusted sectoral confidence indices, sub-indices and the rate of
changes, December 2019

The next release on this subject will be on January 27, 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.