Sectoral confidence rises in December

Dunya Executive - - OVERVIEW -

Conf dence n Turkey’s key sectors - serv ces and reta l trade - mproved wh le construct on fell n December on a monthly bas s, accord ng to off c al data released on December 26. Turkey’s reta l trade conf dence ndex surged 6.3 percent year-on-year to reach 96.4 last month, the

Turk sh Stat st cal Inst tute (TurkStat) sa dna statement. “In the reta l trade sector, bus ness act v ty sales, current volume of stock ndex and bus ness act v ty sales expectat on nd ces ncreased by 13.1 percent, 4.6 percent and 3.3 percent, respect vely,” TurkStat sa d. The serv ces sector ndex rose to 81.5 n December, up 2.2

percent from last month due to an ncrease n “demand turnover” and bus ness the s tuat on compared to prev ous months. The construct on conf dence ndex decreased by 2.1 percent to 55.4 dur ng the same per od wh le the current overall order books ndex sl pped 13.5 percent.

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