May 31, 2024
Services, Retail Trade and Construction Confidence Indices in Türkiye, May 2024
Confidence index remained unchanged in services sector, decreased by 3.3% in retail trade sector, decreased by 0.3% in construction sector
Seasonally adjusted confidence index remained at the same level 117.1 in services sector, decreased by 3.3% and became 111.7 in retail trade sector and decreased by 0.3% and became 88.3 in construction sector in May compared to previous month.
Seasonally adjusted confidence indices and the rate of changes, May 2024
| Index | Percentage change over the previous month (%) | |||
|---|---|---|---|---|
| April | May | April | May | |
| Services confidence index | 117.1 | 117.1 | -2.8 | 0.0 |
| Business situation over past 3 months | 116.9 | 115.8 | -2.1 | -1.0 |
| Demand-turnover over past 3 months | 116.2 | 115.5 | -3.6 | -0.6 |
| Demand-turnover expactation over next 3 months | 118.2 | 120.1 | -2.6 | 1.6 |
| Retail trade confidence index | 115.5 | 111.7 | 1.9 | -3.3 |
| Business activity-sales over past 3 months | 136.0 | 125.4 | 3.3 | -7.7 |
| Current volume of stock(1) | 89.6 | 92.2 | -1.4 | 2.9 |
| Business activity-sales expactation over next 3 months | 120.9 | 117.4 | 2.9 | -2.9 |
| Construction confidence index | 88.6 | 88.3 | 0.0 | -0.3 |
| Current overall order books | 82.8 | 83.1 | 0.1 | 0.4 |
| Total employment expactation over next 3 months | 94.4 | 93.5 | -0.1 | -0.9 |
(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 June 24, 2024.
Source: Turkish Statistical Institute (TurkStat)
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