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Turkey: Confidence index decreases in services, retail trade and construction sectors
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Services confidence index realized as 118.8

Seasonally adjusted confidence index which was 119.4 for services in November decreased by 0.5% in December to 118.8. In services sector compared to the previous month, business situation over past three months sub-index decreased by 1.6% to 121.2. Demand-turnover over past three months sub-index decreased by 0.2% to 117.1 and demand-turnover expectation over next three months sub-index increased by 0.3% to 118.1.

Retail trade confidence index realized as 121.5

Seasonally adjusted retail trade confidence index decreased by 0.4% in December to 121.5. In retail trade sector compared to the previous month, business activity-sales over past three months sub-index increased by 2.4% to 133.6. Current volume of stock sub-index decreased by 2.9% to 96.9 and business activity-sales expectation over next three months sub-index decreased by 1.3% to 133.8.

Construction confidence index realized as 90.0

Seasonally adjusted construction confidence index which was 93.6 in November decreased by 3.9% in December to 90.0. In construction sector compared to the previous month, current overall order books sub-index became 79.2 by decreasing 3.2%. Total employment expectation over next three months sub-index decreased by 4.4% to 100.9.

In construction sector, 48.0% of the enterprises indicated at least one factor limiting their activities while 52.0% of the enterprises indicated none in December. Among the main factors limiting activities in construction sector; "financial constraints" which was 28.6% in November realized as 33.8% in December, "insufficient demand" which was 19.6% in November realized as 17.3% in December and "other factors" which was 13.3% in November realized as 18.9% in December. (ILKHA)



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