September 26, 2023
Services, Retail Trade and Construction Confidence Indices in Türkiye, September 2023
Confidence index decreased by 2.0% in services sector, increased by 3.0% in retail trade sector, increased by 1.0% in construction sector
Seasonally adjusted confidence index decreased by 2.0% and became 113.0 in services sector, increased by 3.0% and became 117.7 in retail trade sector and increased by 1.0% and became 88.3 in construction sector in September compared to previous month.
Seasonally adjusted confidence indices and the rate of changes, September 2023
| Index | Percentage change over the previous month (%) | |||
|---|---|---|---|---|
| August | September | August | September | |
| Services confidence index | 115.3 | 113.0 | -1.7 | -2.0 |
| Business situation over past 3 months | 115.4 | 114.8 | -1.2 | -0.5 |
| Demand-turnover over past 3 months | 113.8 | 112.2 | -2.7 | -1.4 |
| Demand-turnover expactation over next 3 months | 116.8 | 111.9 | -1.2 | -4.2 |
| Retail trade confidence index | 114.3 | 117.7 | -0.4 | 3.0 |
| Business activity-sales over past 3 months | 124.5 | 123.8 | -3.3 | -0.5 |
| Current volume of stock(1) | 95.2 | 98.2 | -0.1 | 3.2 |
| Business activity-sales expactation over next 3 months | 123.2 | 131.1 | 2.6 | 6.5 |
| Construction confidence index | 87.4 | 88.3 | -0.7 | 1.0 |
| Current overall order books | 83.5 | 81.9 | -0.2 | -1.9 |
| Total employment expactation over next 3 months | 91.4 | 94.8 | -1.3 | 3.7 |
(1) The increase in the volume of stock index indicates the decrease of volume of stock, whereas decrease indicates increase of volume of stock.
The next release on this subject will be on October 25, 2023.
___________________________________________________________________________________________________
EXPLANATIONS
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: Turkish Statistical Institute (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 Karen Audit 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.
