February Sectoral Confidence Data The Turkish Statistical Institute (TÜİK) has released the seasonally adjusted confidence index data for February.
According to the figures, the service sector confidence index remained unchanged from the previous month, staying at the 113.8 level.
Economic Significance of Index Values In sectoral confidence indices, the threshold value of 100 is accepted as the primary criterion for evaluating the general state of a sector.
An index value above 100 indicates that the relevant sector holds optimistic expectations for the current and future periods, while values below 100 reflect a pessimistic outlook.
February data confirmed that all three sectors remained above the 100 threshold, staying within the optimistic zone.
This situation indicates that sector representatives' expectations for the upcoming period continue to be positive.
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TÜİK Announces February Sectoral Confidence Indices: Rise in Retail, Fall in Construction
According to TÜİK data, the confidence index rose by 2.9% in the retail trade sector and fell by 2.1% in the construction sector in February, while the service sector remained stable.
Sources
- Bloomberght · baglanti