Business confidence falls in March

ANKARA – Anadolu Agency

Confidence indexes for key sectors in Turkish business fell in March, the Turkish Statistical Institute (TÜİK) said in a statement March 25.

The index for the service sector decreased 0.7 percent from February, falling from 101.96 to 101.25.
In the services sector, the business situation index, demand-turnover index and demand-turnover expectation index decreased by 2 percent, 0.1 percent and 0.1 percent, respectively, compared with the previous month.

The retail trade confidence index dropped 0.4 percent for the same period, while the construction confidence index fell 1.4 percent.

In the retail trade sector, the current volume of stock index increased by 2.9 percent while the business activity-sales index and business activity-sales expectation index decreased by 1.9 percent and 2.1 percent, respectively, compared with the previous month.

The construction confidence index decreased by 1.6 percent.

In the construction sector, the current overall order books index and total employment expectation index decreased by 1.4 percent and 1.7 percent, respectively, compared with the previous month.

Sectoral confidence indexes can take a value between 0 and 200 and indicate an optimistic outlook when the index is above 100, but a pessimistic outlook below 100.