Turkish services sector confidence index falls in December

Turkish services sentiment index dropped in the month of December. The index fell 3.5 percent to 96.2. The decrease in the services sentiment index was driven by the fall in the number of managers evaluating “business situation” as improved and “demand-turnover” increased over the past three month plus expecting a rise in “demand-turnover” in the next three months.

Meanwhile, retail trade confidence index rose 0.7 percent in the month to 100.6. This rise in retail trade confidence index came from the increased number of managers evaluating improved “business activity-sales” over the past three months and “current volume of stock” as below normal for the season. The number of managers expecting a rebound in “business activity-sales” in the next three months dropped.

The seasonally adjusted construction confidence index dropped 1 percent to 81.6 in December. The fall was driven by the decreased number of managers evaluating “current overall order books” as above normal for the season. The number of managers expecting a rise in “total employment” in the next three months rose.

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