Sectoral Confidence Indices, January 2021
Confidence index increased in services sector while decreased in retail trade and construction sectors
Seasonally adjusted confidence index increased by 2.9% in services sector, while decreased 0.1% in retail trade sector and 5.2% in construction sector in January 2021 compared to the December 2020.
Seasonally adjusted sectoral confidence indices, January 2021
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of changes, January 2021
Services confidence index realized as 101.9
Seasonally adjusted confidence index which was 99.0 for services in December 2020 increased by 2.9% in January 2021 to 101.9. In services sector compared to the previous month, business situation over past three months sub-index increased by 5.4% to 103.0. Demand-turnover over past three months sub-index increased by 1.4% to 98.0 and demand-turnover expectation over next three months sub-index increased by 2.1% to 104.6.
Seasonally adjusted services confidence and tendency indices, January 2021
Retail trade confidence index realized as 108.5
Seasonally adjusted retail trade confidence index decreased by 0.1% in January 2021 to 108.5. In retail trade sector compared to the previous month, business activity-sales over past three months sub-index decreased by 3.7% to 118.8. Current volume of stock sub-index decreased by 1.4% to 90.1 and business activity-sales expectation over next three months sub-index increased by 4.9% to 116.7.
Seasonally adjusted retail trade confidence and tendency indices, January 2021
Construction confidence index realized as 84.2
Seasonally adjusted construction confidence index which was 88.8 in December 2020 decreased by 5.2% in January 2021 to 84.2. In construction sector compared to the previous month, current overall order books sub-index became 75.7 by decreasing 2.5%. Total employment expectation over next three months sub-index decreased by 7.4% to 92.6.
Seasonally adjusted construction confidence and tendency indices, January 2021
In construction sector, 53.1% of the enterprises indicated at least one factor limiting their activities while 46.9% of the enterprises indicated none in January 2021. Among the main factors limiting activities in construction sector; “financial constraints” which was 30.5% in December 2020 realized as 26.3% in January 2021, “insufficient demand” which was 24.9% in December 2020 realized as 22.4% in January 2021 and “other factors” which was 27.5% in December 2020 realized as 30.0% in January 2021.
The next release on this subject will be on February 22, 2021.
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EXPLANATIONS
Sectoral confidence indices can take value between 0 and 200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.
Source: TurkStat
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