Mixed signals for Turkish economy

Confidence in the service and construction sectors rose in June but fell for the retail sector.

Mixed signals for Turkish economy

World Bulletin / News Desk

Confidence in Turkey’s service and construction sector rose in June, according to official data released by TurkStat Tuesday. The confidence index for the country’s retail sector fell.

Sector confidence indexes are a measure of investor confidence in the stability of their investment, which guides decisions about further investment and serves as a key indicator of the health of the Turkish economy.

This month, the service sector showed a slight improvement, rising to 98.1 points from 97.2 in May, an increase of 0.9 percent.

The seasonally adjusted construction sector index rose to 79.8 points from 79.2 points, a 0.7 percent increase.

Confidence in the retail sector fell to 102.4 points, down 1.4 percent from May’s 103.9 due to stock levels being above the normal seasonal level.

The indexes range between 0 and 200 points, indicating an optimistic outlook for 100 points and above and a pessimistic outlook below if they fall below 100 points.

Last Mod: 24 Haziran 2014, 12:14
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