Sectoral Confidence Indices for February Announced: Retail Trade Rises, Construction Declines

February Outlook for Sectoral Confidence Indices Sectoral confidence indices for February indicated a distinct divergence across economic activities.
According to data from the Turkish Statistical Institute, confidence and expectation levels varied across different business sectors.
Future Expectations in the Service Sector An analysis of the service sector sub-items revealed that the business situation decreased by 0.8% and demand for services fell by 1.3% over the last three months.
Conversely, the demand expectation for the next three months increased by 2.1%, suggesting continued optimism for the upcoming period within the sector.
Strong Growth in Retail Trade The retail trade confidence index rose by 2.9% in February, reaching 115.9.
While business volume and sales in the sector recorded a 1.6% increase over the last three months, current stock levels rose by 3.2%.
The 4% increase in sales expectations for the next three months provided significant data regarding the continued vitality of consumption.
Caution in the Construction Sector While the confidence index across the construction sector followed a weak course, a cautious approach emerged regarding labor planning for the coming period.