Business · Economy · 2 hrs ago
Türkiye services confidence falls as retail and construction improve
Türkiye’s services confidence index fell 2.4% in October compared with September, while confidence rose in retail trade and construction.
The index measures business sentiment, and readings above 100 indicate an optimistic outlook.
Services confidence stood at 109.2, with businesses reporting weaker recent activity and demand and slightly lower expectations for demand over the next three months.
Retail confidence rose 1.1% to 112.5, supported by stronger recent sales, although sales expectations for the next three months fell.
Construction confidence edged up 0.4% to 83.3, but remained below 100, indicating a pessimistic outlook.
The figures show mixed sentiment across Türkiye’s sectors, and no further developments are specified.
Türkiye’s seasonally adjusted services confidence index fell 2.4 percent month on month to 109.2 in October.
Confidence improved in retail trade, with its index rising 1.1 percent to 112.5.
Construction confidence increased 0.4 percent to 83.3.
The services index remained above 100, a level that indicates an optimistic outlook.
Construction’s index remained below 100, while retail’s was above it.
- Who
- Türkiye’s services, retail trade and construction sectors.
- What
- Services confidence fell in October, while retail and construction confidence improved.
- When
- October; the figures were compared with September.
- Where
- Türkiye.
- Why
- Not stated
This story does not have two clearly opposing sides.
The services confidence index stood at 111.9, while retail trade confidence was lower than in October and construction confidence was 83.0.
Services confidence fell to 109.2, while retail trade confidence rose to 112.5 and construction confidence to 83.3.
- Services confidence
- 109.2 in October, down 2.4 percent month on month
- Retail trade confidence
- 112.5 in October, up 1.1 percent
- Construction confidence
- 83.3 in October, up 0.4 percent
- Services outlook threshold
- Readings above 100 indicate optimism
- Construction order books
- 80.7 in October, up 0.4 percent