- All sectoral confidence indices, including services, retail trade and construction, fell in April, for the second successive month, in Turkey, according to the sectoral confidence indices data, released by Turkstat on Friday.
As important leading indicators for the GDP growth, sectoral confidence indices can take value between 0 and 200. The index indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.
Services confidence index fell by 0.5 percent to 100.53 in April, down from 101.03 in March.
The fall in the services confidence index stemmed from the decreased number of managers evaluating an improved “business situation” over the past three months and an increase in “demand-turnover” over the past three months and expecting an increase in “demand-turnover” over the next three months.
In services sector; business situation index, demand-turnover index and demand-turnover expectation index decreased by 0.3 percent, 0.9 percent and 0.4 percent respectively compared to the previous month.
Retail trade confidence index fell by 1.2 percent to 101.84 in April, from 102.97 level in March.
Theis drop in the retail trade confidence index stemmed from the decreased number of managers evaluating “current volume of stock” as below seasonal normal and expecting an increase in “business activity-sales” over the next three months.
The number of managers evaluating an increase in “business activity-sales” over the past three months increased.
In retail trade sector; business activity-sales index increased by 2.1 percent compared to the previous month while current volume of stock index and business activity-sales expectation index decreased by 4.1 percent and 1.3 percent respectively.
Construction confidence index decreased by 2.7 percent to 81.16 in April, from 83.45 in the previous month.
The fall in the construction confidence index stemmed from the decreased number of managers evaluating “current overall order books” as above seasonal normal and expecting an increase in “total employment” over the next three months.
In construction sector; current overall order books index and total employment expectation index decreased by 0.7 percent and 4 percent respectively compared to the previous month.
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