Confidence in Turkey’s sectors largely flat in December

ANKARA - Anadolu Agency

Confidence in Turkey’s retail trade and construction sectors recorded a slight advance in December while the services sector slipped, the Turkish Statistical Institute (TÜİK) announced on Dec. 26.        

The retail trade confidence index was 96.1 points in December, up by only 0.1 percent compared to the previous month as managers in the sector saw business sales and current volume of stock substantially unchanged.        

Turkey’s construction sector confidence index also saw a slight increase of 0.5 percent to 76.1 points from 75.7 in November, due to prospects from sector leaders who are expecting total employment over the next three months to advance, despite overall orders decreasing.        

The services sector was the only one which ailed in December, declining by 3.5 percent to 93.35 as fewer sector managers expected an improvement in the business situation and demand turnover compared to previous months.