Türkiye’s sectoral confidence mixed in November

By Emir Yildirim

ISTANBUL (AA) - Türkiye’s sectoral confidence was mixed in November, as retail trade and construction sector confidence improved, while services sector confidence fell, according to the Turkish Statistical Institute (TurkStat).

The sub-index for the services sector decreased 2.9% on a monthly basis to 111 in November, the data showed.

Meanwhile, the retail trade and construction sector confidence indices rose 0.9% to 111.7 and 1.7% to 87.8, respectively.

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.