Türkiye’s sectoral confidence mixed in November

ISTANBUL

Türkiye’s sectoral confidence was mixed in November, as retail trade and construction sector confidence improved, while services sector confidence fell, according to the Turkish Statistical Institute (TurkStat).

The sub-index for the services sector decreased 2.9% on a monthly basis to 111 in November, the data showed.

Meanwhile, the retail trade and construction sector confidence indices rose 0.9% to 111.7 and 1.7% to 87.8, respectively.

Calculated from the monthly survey, results are evaluated within a range of 0-200. Sectoral confidence indices above 100 signal an optimistic outlook, and a pessimistic outlook when below 100.