Turkey’s sectoral confidence slips in May
The construction sector confidence index dropped the most in the month with a 7.7% month-on-month decrease to reach 49.8 points, data from the Turkish Statistical Institute (TÜİK) showed.
This drop stemmed from fall in current overall order books and total employment expectation indices, it said.
“Seasonally adjusted confidence index which was 83.1 for services in April decreased by 4.4% in May to 79.4,” according to the data.
“In retail trade sector; business activity-sales and business activity-sales expectation indices decreased by 3.7% and 0.3% respectively, compared to last month, to 73.3 and 87.6.
“However, current volume of stock index increased by 1.1% to 109,” it added.