Turkey’s August sectoral indices in retail trade and services sectors reading are improved, booked a reading of an increase by 0.2% and 5.7%, respectively, at the same time when the construction sectors mark a decrease by 2.3%. All readings were compared month-on-month with July readings, as Turkey’s statistical authority reported. The Turkish statistical Institute (TurkStat) was also released data in the index for August, showing services sector index up from 66.7 in July to 70.5 in August, and compared to previous month, the over the past three month business situation sub-index increased to 63.2, an increased by 15.9%.
The construction confidence index decreased from 87 last month to 85, while retail trade confidence index rose from 94.6 in July to 94.9 in August. The moment while the sub index of current overall order books decreased by 5.2% to 70, the business activity-sales expectation for the past three-month period up to 79.7, rose by 14.5%.
TurkStat also added that between the main factors that limit the activities of the construction sectors, are the rise of financial constraints from 38.2% in July to 40.1% in August, insufficient demand from 31.9% in July reading was down to 31.5% in August, also the increased of other factors that showing 19.9% in July is up to 20.3% in August.
The monthly survey result calculated sectoral confidence resulting in figures and evaluating within the range of 0-200, while optimistic outlook can be seen in readings above 100, and pessimistic in below 100.
