Seasonally adjusted confidence index increased by 2.2% in both services and retail trade sectors and increased by 14.6% in construction sector in January compared to the previous month.
Seasonally adjusted sectoral confidence indices, January 2020
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of changes, January 2020
Services confidence index realized as 95.2
Seasonally adjusted confidence index which was 93.2 for services in December increased by 2.2% in January to 95.2. In services sector compared to the previous month, demand-turnover expectation over next three months index increased by 1.1% to 101.6. Business situation over past three months and demand-turnover over past three months indices increased by 2.6% and 3% respectively to 92.2 and 91.9.
Seasonally adjusted services confidence and tendency indices, January 2020
Retail trade confidence index realized as 105
Seasonally adjusted retail trade confidence index increased by 2.2% in January to 105. In retail trade sector compared to the previous month, current volume of stock index increased by 1.7% to 111.1. Business activity-sales expectation over next three months and business activity-sales over past three months indices increased by 3.8% and 1.3% respectively to 105.7 and 98.1.
Seasonally adjusted retail trade confidence and tendency indices, January 2020
Construction confidence index realized as 78.9
Seasonally adjusted construction confidence index which was 68.9 in previous month increased by 14.6% in January to 78.9. In construction sector compared to the previous month, total employment expectation over next three months index increased by 4.6% to 93.3. Current overall order books index became 64.6 by increasing 33%.
Seasonally adjusted construction confidence and tendency indices, January 2020
In construction sector, 68% of the enterprises indicated at least one factor limiting their activities while 32% of the enterprises indicated none. Among the main factors limiting activities in construction sector; 'financial constraints' which was 44.4% in December realized as 48.5% in January, 'insufficient demand' which was 43.3% in December realized as 36.1% in January and 'weather conditions' which was 7.9% in December realized as 15.5% in January.
The next release on this subject will be on February 24, 2020.
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EXPLANATIONS
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.
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TURKSTAT - Turkish Statistical Institute published this content on 27 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2020 12:29:05 UTC
