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Services confidence index below 100 in all sectors

Istanbul, Oct 26 () – Sectoral confidence index fell in construction, rose in retail trade, and reached a plateau in services, while it remained below the value of 100 in all sectors. Sectoral confidence indices can take value between 0 and 200....

Services confidence index below 100 in all sectors

Istanbul, Oct 26 () – Sectoral confidence index fell in construction, rose in retail trade, and reached a plateau in services, while it remained below the value of 100 in all sectors. Sectoral confidence indices can take value between 0 and 200....

26 Ekim 2015 Pazartesi 11:42
Services confidence index below 100 in all sectors
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Istanbul, Oct 26 () – Sectoral confidence index fell in construction, rose in retail trade, and reached a plateau in services, while it remained below the value of 100 in all sectors.

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.

Services confidence index

According to data released by Turkstat, seasonally adjusted confidence index which was 97.54 for services in September increased by 0.1 percent to 97.63, in October, showing a flat development. While demand-turnover and demand-turnover expectation indices increased by 0.7 percent and 0.3 percent respectively, business situation index declined by 0.8 percent compared to the previous month, in services sector.

This upsurge in the services confidence index stemmed from the escalated number of managers evaluating an increased “demand-turnover” over the past three months and expecting an increase in “demand-turnover” over the next three months. On the other hand, the number of managers evaluating an improved “business situation” over the past three months fell.

Retail trade confidence index

Seasonally adjusted retail trade confidence index rose by 2.7 percent to 98.68, in October. While business activity-sales and business activity-sales expectation indices showed an uptick by 1.9 percent and 7.4 percent respectively, current volume of stock index fell by 0.8 percent compared to the previous month, in retail trade sector.

This upsurge resulted from the increased number of managers evaluating an increase in “business activity-sales” over the past three months and expecting an increase in “business activity-sales” over the next three months. On the other hand, the number of managers evaluating “current volume of stock” as below normal for the season fell.

Construction confidence index

Seasonally adjusted confidence index for construction, which was at 80.42 in previous month, fell by 0.5 percent to 80.02, in October. While current overall order books index decreased by 4.4 percent total employment expectation index increased by 2.1 percent, compared to the previous month, in the construction sector.

This fall in the construction confidence index stemmed from the decline in the number of managers evaluating “current overall order books” as above seasonal normal. On the other hand, the number of managers expecting an increase in “total employment” over the next three months rose.

(Graphic)

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