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Turkish sectoral confidence indices rise sequentially in May

Source FxWire Pro Friday, 22 May, 2020 14:22:00 GMT
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Turkish sectoral confidence indices rise in the month of May. On a seasonally adjusted basis, the services confidence index rose 10.8 percent sequentially to 51.1 in May from April’s 46.1. Within the services sector, demand-turnover expectation over next three months saw a rise of 82.9 percent to 77.2. Meanwhile, the demand-turnover over the past three months sub index saw a fall of 19.2 percent to 39. The business situation over the past three months saw a fall of 22.5 percent to 37.1.

The retail trade confidence index rose 5 percent sequentially to 79 in May. The current volume of stock sub-index rose 1.6 percent to 120.4. Meanwhile, other sub-indices such as business activity-sales expectation over next three months saw a rise of 48.8 percent to 75.1. On the contrary, business activity-sales over past three months dropped 26.7 percent to 41.6.

Meanwhile, the construction sector’s confidence index rose 31.1 percent sequentially to 58.5 in May from April’s 44.7. Within this sector, the total employment expectation over next three months index rose 39.9 percent to 77.1. The current overall order books sub-index rose 16.9 percent to 40.

Within the construction sector, 81.8 percent of the enterprise indicated a t least one factor limiting their activities while 18.2 percent of the enterprises show none in May.

Source: FxWire Pro - Commentary
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