Sectoral confidence down in October

Dunya Executive - - OVERVIEW -

Confidence in Turkey’s services and retail trade sectors dropped, while the construct on sector rose in October compared to the previous month, the Turkish Statistical Institute (TurkStat) announced on October 25. The services sector index dropped 4.7 percent to 75.7 this month, from 79.4 in September. The retail trade confidence index fell 1.8 percent month-on-month to 87 In October, from 88.5 the previous month. The construction sector confidence Index was up 2.3 percent to 58.7 points in October, from 57.3 In September. Meanwhle, consumer conf dence n the Turkish economy fell by 3.4 percent to 57.3 in October, TurkStat reported this week.

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