TURKSTAT: Confidence index increased in services and retail trade, decreased in construction

Turkish Statistical Institute (TUIK) announced the service retail trade and construction confidence indices for December.

Accordingly, while the seasonally adjusted confidence index decreased by 3.3 percent to 88 in the construction sector on a monthly basis in December, it increased by 1.2 percent to 112.3 in the service sector and increased by 4.5 percent to 116.8 in the retail trade sector. .

While the seasonally adjusted service sector confidence index was 110.9 in November, it increased to 112.3 in December.

While the business situation index in the service sector did not change in the last three months compared to November this month, the demand expectation for services in the next three months decreased by 0.1 percent, and the demand for services increased by 3.8 percent in the last three months.

Total number of employees decreased in the expectation sub-index

Seasonally adjusted retail trade sector confidence index, which was 111.7 in November, became 116.8 this month.

In the retail trade sector, while business volume-sales increased by 9.9 percent in the last three months and business volume-sales expectations increased by 3.7 percent in the next three months, the current goods stock level decreased by 0.9 percent.

Seasonally adjusted construction sector confidence index, which was 91 last month, reached 88 this month.

There was a 5.4 percent decrease in the current level of registered orders received in the construction sector compared to last month, and a 1.5 percent decrease in the total number of employees expectation sub-index in the next three months.