Türkiye’s sectoral confidence indexes send mixed signals

Confidence in Türkiye’s construction sector went up in November,
while services and retail trade dropped compared to a month ago,
according to official data released on Friday,
Azernews reports, citing Anadolu Agency.

The seasonally adjusted confidence index for construction rose
2.2% month-on-month to 91 in November, the Turkish Statistical
Institute data showed.

The services confidence index reached 110.9 in November, a
monthly decrease of 2.4%.

The index for retail trade came in at 111.7 this month, falling
1.9% from last month, said TurkStat.

Calculated from the monthly survey, results are evaluated within
a range of 0-200. Sectoral confidence indexes above 100 signal an
optimistic outlook, and a pessimistic outlook when below 100.

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