Türkiye’s sectoral confidence weakens in June

By Tuba Ongun

Confidence in key sectors in Türkiye weakened in June compared to last month, according to the country's statistical authority on Monday.

Among all sub-indices, the retail trade sector suffered the most, dropping 2.6% to 108.8 this month.

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

The services confidence index fell 1.5% month-on-month to 115.4 in June.

The construction sector confidence index tapered off 0.5% to 87.9 during the same period.