Turkey's sectoral confidence indices fall in February
People shop at a local fruit and vegetable market in Ordu province, Turkey, Feb. 16, 2022. (IHA Photo)


Turkey's retail trade, construction and services sectoral confidence levels declined in February, the country's statistical authority said Tuesday.

The retail trade sector index posted the highest decline this month with a fall of 3.8%. The retail trade confidence index dropped to 119.8 in February, compared to 124.4 in January.

Seasonally adjusted confidence indices for construction and services were down by 3.3% and 1.2%, respectively, month-over-month in February.

All subindices of the retail trade sector posted declines, while the business activity-sales index over the past three months posted the highest drop of 5.9%.

The construction sector index was 82.7 this month, down from 85.5 in January.

Subindices of current overall order books and total employment expectations were down by 3.7% and 3%, respectively, in the month.

The services sector index decreased to 118.7 from 120.2.

While the business situation and demand-turnover subindices over the past three months saw declines in February, the demand-turnover expectation index for the next three months increased 0.3%.

Sectoral confidence indices calculated from monthly survey results are evaluated within the range of zero to 200. The indices indicate an optimistic outlook when the value is above 100, and a pessimistic outlook when it is below 100.