Turkey’s sectoral confidence indices posted mixed results this month, according to the Turkish Statistical Institute (TurkStat).
Seasonally adjusted confidence indices for services and retail trade were up by 1.2% and 2.5%, but dropped for the construction sector by 5% in January, versus December 2021.
The index for services rose to 120.2 in January, up from 118.8 in December, according to TurkStat.
In the services sector, the business situation and demand-turnover indices also saw monthly increases.
The retail trade confidence index stood at 124.4 in January, up from 121.5.
Business activity-sales over and the current volume of stock sub-indices saw increases in the month.
The construction sector index registered at 85.5 this month, decreasing from 90 in the previous month.
The sub-index of current overall order books increased, while total employment expectations were down during the month.
Sectoral confidence indices calculated from monthly survey results are evaluated within the range of 0-200.
These indices indicate an optimistic outlook when above 100 and a pessimistic one below.