Türkiye’s sectoral confidence weakens in June

ANKARA

Confidence in key sectors in Türkiye weakened in June compared to last month, according to the country’s statistical authority on Monday.

Among all sub-indices, the retail trade sector suffered the most, dropping 2.6% to 108.8 this month.

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

The services confidence index fell 1.5% month-on-month to 115.4 in June.

The construction sector confidence index tapered off 0.5% to 87.9 during the same period.