ANKARA
Confidence indices for services, retail trade & construction sectors decreased in August when compared to July in 2012.
TurkStat, Turkey's statistical authority, stated on Tuesday that confidence indices for services, retail trade & construction sectors decreased 5 percent, 0.3 percent and 3.5 percent respectively in August when compared to July in 2012.
The confidence index --which was 113.9 for services, 109.3 for retail trade and 89.9 for construction in July 2012-- became 108.2, 109.0 and 86.8 respectively in August 2012.
Sectoral confidence indices can take value between 0 and 200. It indicates an optimistic outlook when the index is above 100, while it indicates a pessimistic outlook when it is below 100.
The decrease in the services confidence index stemmed from the deterioration in business situation over the past 3 months and demand-turnover over the past 3 months. The decrease in the retail trade confidence index stemmed from the deterioration in business activity-sales over the past 3 months, while the decrease in the construction confidence index stemmed from the deterioration in current overall order books and total employment expectation over the next 3 months.
