Turkey’s sectoral confidence indices post mixed figures in November

By Tuba Sahin

ANKARA (AA) - Confidence in Turkey’s retail trade and construction sectors improved in November, while services declined compared to last month, according to official data released on Wednesday.

"Seasonally adjusted confidence index decreased by 0.7% in the services sector, while increased by 0.6% in the retail trade and 1.0% in construction sectors in November compared to October," the Turkish Statistical Institute (TurkStat) said in a statement.

Calculated from the monthly survey, results are evaluated within a range of 0-200. Sectoral confidence indices above 100 signal an optimistic outlook, and a pessimistic outlook when below 100.