TURKSTAT announced sectoral confidence indices for September
While the confidence index remained the same in the service sector in September, it increased in retail trade and decreased in the construction sector.
Quick Look
According to TÜİK data, while the confidence index remained stable in the service sector in September, it increased by 1.1 percent in the retail trade sector and decreased by 0.2 percent in the construction sector.
AI-generated summary
Why It Matters
TURKSTAT publishes confidence indices for the service, retail trade and construction sectors every month.
Turkish Statistical Institute (TUIK) announced the service, retail trade and construction confidence indices for September.
Accordingly, the seasonally adjusted confidence index remained the same in the service sector on a monthly basis in September to 111.9, increased by 1.1 percent in the retail trade sector to 111.3, and decreased by 0.2 percent to 83 in the construction sector.
In the service sector, compared to the previous month in September, the business situation increased by 1.1 percent in the last three months, the demand expectation for services increased by 0.4 percent in the last three months, while the demand expectation for services in the next three months decreased by 1.3 percent.
In the retail trade sector, while business volume-sales increased by 0.4 percent in the last three months and business volume-sales expectations increased by 3.5 percent in the next three months, the current goods stock level decreased by 1.3 percent.
The current level of registered orders received in the construction sector increased by 1.9 percent, and the expectation of the total number of employees in the next three months decreased by 2.1 percent.
Open Questions
- How will the decrease in demand expectations affect the sector in the coming period?
