Türkiye’s sectoral confidence indices post mixed figures in August

By Tuba Ongun

Confidence in Türkiye’s retail trade and construction sectors improved in August, while services decreased compared to last month, according to official data released on Monday.

The sub-index for services decreased 2% month-on-month to 111.8 in August, the Turkish Statistical Institute (TurkStat) data showed.

The retail trade confidence index increased 0.8% to 107.9 while the construction sector confidence index gained 1.1% from a month ago to 88 in August.

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.