Turkey: Sectoral confidence up in October

By Aysu Bicer

ANKARA (AA) - Sectoral confidence in Turkey rose for services, retail trade, and construction in October compared to last month, the country's statistical authority reported on Friday.

"Seasonally adjusted confidence index which was 89.3 for services in September rose 1.6% in October to 90.7," the Turkish Statistical Institute (TurkStat) said.

The retail trade confidence index stood at 102.3 this month, up 4.8% from 97.6 last month.

Seasonally adjusted construction confidence index -- 60.1 last month -- surged 8.3% in October to 65.1, according to TurkStat.

Sectoral confidence indices calculated from the monthly survey results are evaluated within the range of 0-200.

These indices indicate an optimistic outlook when the value is above 100, a pessimistic outlook when it is below 100.

TurkStat will release the next sectoral confidence figures on Nov. 25.