Türkiye’s services and construction confidence rise in July, retail trade confidence falls
The seasonally adjusted confidence index increased in the services and construction sectors in July compared with the previous month, while declining in the retail trade sector, the Turkish Statistical Institute (TÜİK) said on July 27.
The confidence index rose 1.4 percent month-on-month to 112 in the services sector and 0.6 percent to 83.5 in the construction sector. The retail trade confidence index fell 1.6 percent to 111.
In the services sector, the business situation over the past three months increased 0.5 percent from June, while demand for services over the same period decreased 0.2 percent. Expectations for demand over the next three months rose 3.7 percent.
In the retail trade sector, the volume of business and sales over the past three months declined 0.5 percent, current inventory levels decreased 0.1 percent, and expectations for business activity and sales over the next three months fell 3.8 percent.
