Turkey’s sectoral confidence goes down in April

ANKARA

Confidence in Turkey’s services, retail trade and construction sectors dropped in April compared with the previous month, official data showed on April 24.

The services sector index fell 2 percent to 97.1 in the month, from 99.1 in March, according to data from the Turkish Statistics Institute (TÜİK).

This decrease in the services confidence index has stemmed from fewer managers evaluating the “business situation” as improved and the consumer demand as increased over the past three months, according to the TÜİK.

The number of managers in this sector who expected an increase in demand over the next three months also decreased.

The retail trade confidence index was down 2.3 percent, month-on-month, to 100.3 in April from 102.6 in the previous month.

The fall came from fewer managers evaluating improved “business activity-sales” over the past three months and expecting an improvement in “business activity-sales” over the next three months, according to the TÜİK data.

The construction sector confidence index also fell 0.1 percent to 78.8 points in April from 78.9 in March.

Sectoral confidence indices range from 0 to 200, indicating an optimistic outlook when above 100, but a pessimistic outlook when below 100.