CONFIDENCE INCREASES IN ALL SECTORS
The seasonally-adjusted confidence index increased by 1.2% in the services sector, 0.6% in the retail trade sector and 7.1% in the construction sector in August, compared to the previous month, according to the Turkish Statistical Institute (TurkStat). The seasonally-adjusted services confidence index rose to 116.1 in this period. The demand-turnover expectation sub-index over the next three months decreased by 2.1% to 119.3 in the services industry. The seasonally-adjusted retail trade confidence index reached 110.3. The business activity-sales expectation sub-index over the next three months dropped by 4.4% to 123.9 in the retail trade sector. The seasonally-adjusted construction confidence index increased to 92.4 in the same period. The current overall order books sub-index rose by 5.4% to 83, while total employment expectation over the next three months surged by 8.5% to 101.8 in the construction industry.