Sectoral Confidence Indices, May 2021 in Turkey
Confidence index decreased in services and retail trade sectors while increased in construction sector
Seasonally adjusted confidence index decreased by 1.1% in services and 2.1% in retail trade sectors while increased by 3.0% in construction sector in May compared to April.
Seasonally adjusted sectoral confidence indices, May 2021
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of changes, May 2021
Services confidence index realized as 102.2
Seasonally adjusted confidence index which was 103.3 for services in April decreased by 1.1% in May to 102.2. In services sector compared to the previous month, business situation over past three months sub-index decreased by 6.3% to 96.7. Demand-turnover over past three months sub-index decreased by 2.2% to 100.9 and demand-turnover expectation over next three months sub-index increased by 5.2% to 109.0.
Seasonally adjusted services confidence and tendency indices, May 2021
Retail trade confidence index realized as 100.9
Seasonally adjusted retail trade confidence index decreased by 2.1% in May to 100.9. In retail trade sector compared to the previous month, business activity-sales over past three months sub-index decreased by 13.6% to 101.0. Current volume of stock sub-index increased by 3.5% to 90.8 and business activity-sales expectation over next three months sub-index increased by 5.9% to 110.9.
Seasonally adjusted retail trade confidence and tendency indices, May 2021
Construction confidence index realized as 79.6
Seasonally adjusted construction confidence index which was 77.3 in April increased by 3.0% in May to 79.6. In construction sector compared to the previous month, current overall order books sub-index became 74.5 by decreasing 0.5%. Total employment expectation over next three months sub-index increased by 6.3% to 84.7.
Seasonally adjusted construction confidence and tendency indices, May 2021
In construction sector, 53.2% of the enterprises indicated at least one factor limiting their activities while 46.8% of the enterprises indicated none in May. Among the main factors limiting activities in construction sector; “financial constraints” which was 28.7% in April realized as 24.2% in May, “insufficient demand” which was 25.5% in April realized as 26.6% in May and “other factors” which was 23.9% in April realized as 30.1% in May.
The next release on this subject will be on June 24, 2021.
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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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