Turkish business confidence shifts across sectors in September

In the services sector, there was a decline in confidence, with the index dropping by 2.0%. The seasonally adjusted confidence index in this sector stood at 113.0, reflecting a decrease compared to the previous month.

On the flip side, the retail trade sector witnessed a robust upswing in confidence, registering an impressive 3.0% increase. The seasonally adjusted confidence index for retail trade surged to 117.7, signaling a bullish sentiment among businesses in this sector.

The construction sector also experienced a modest boost in confidence, with the index inching up by 1.0%. The seasonally adjusted confidence index for construction reached 88.3 in September, showing cautious optimism among industry players.

These shifts in business sentiment highlight the dynamic nature of the Turkish economy and its various sectors. As businesses adapt to changing circumstances, the statistical trends offer valuable insights into the nation's economic landscape. (ILKHA)