Türkiye’s sectoral confidence mixed in June

ANKARA

Türkiye’s sectoral confidence indices posted mixed results in June, according to official data released on Wednesday.

Seasonally adjusted confidence indices for retail trade and services were up, while the construction sector posted a decline from the month prior.

The confidence index for retail trade ticked up 0.9% on a monthly basis to 117.7 in June, the Turkish Statistical Institute reported.

The services confidence index rose 0.6% to 118.1, while the construction confidence index fell 3.5% to 88.9.

Calculated from a monthly survey, the results are evaluated within the range of 0-200, signaling an optimistic outlook when the value is above 100 and a pessimistic one when it is below 100.