Turkish service sector sees increased confidence, retail trade declines

According to the report, the confidence index in the service sector increased by 0.5%, while the retail trade sector saw a decline of 3.3%. Additionally, the construction sector experienced a 0.9% increase in confidence.

In specific figures, the seasonally adjusted confidence index in the service sector rose by 0.5%, reaching 113.6. In contrast, the retail trade sector registered a 3.3% decrease in confidence, resulting in a rating of 113.9. The construction sector showed an encouraging 0.9% increase in confidence, bringing its index to 89.1 for the month of October, compared to the previous month.

These shifts in confidence levels in various sectors reflect the evolving economic landscape in Turkey, and they will be closely monitored for their potential impact on the country's economic performance. (ILKHA)