- Turkey's service sector confidence fell in June, as demand and turnover expectations for next three months of the managers fade, while confidence in construction and retael sales business rose, according to the sectoral confidence indices data released by Turkstat on Wednesday.
Seasonally adjusted services sector confidence index fell to 99.04 level in June, from 100.41 in May, reflecting detoriation in expectetions of the managers. More managers said, “demand and turnover” in the past three months fell and were expecting additional decrease over the next three months. The number of managers evaluating an improved “business situation” over the past three months increased.
In services sector; demand-turnover index and demand-turnover expectation index fell by 1 percent and 2.9 percent respectively while business situation index rose by 0.1 percent compared to the previous month.
Construction confidence index
Seasonally adjusted confidence rose to 84.73 value in June, 1.6 percent up from 83.42 in May. This increase in the construction confidence index reflected the increased number of managers evaluating “current overall order books” as above seasonal normal and expecting an increase in “total employment” over the next three months.
In construction sector; current overall order books index and total employment expectation index increased by 3.4 percent and 0.4 percent respectively compared to the previous month.
Retail trade confidence index increased by 0.6 percent
Seasonally adjusted retail trade confidence index rose slightly to 104.12 in June, reflecting increased number of managers evaluating an increase in “business activity-sales” over the past three months.
The number of managers evaluating “current volume of stock” as above normal for the season and expecting an decrease in “business activity-sales” over the next three months increased.
In retail trade sector; business activity-sales index increased by 2.7 percent while current volume of stock index and business activity-sales expectation index decreased by 0.5 percent and 0.3 percent respectively compared to the previous month.
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