Confidence index falls 0.4% MoM in Turkish retail trade sector in Aug

Confidence indices can take value between 0 and 200. It indicates an optimistic outlook when the index is above 100, but pessimistic when below 100.

Under the retail trade category, the sub-index for current stock volume fell by 0.1 per cent MoM in August. The sub-indices for business activity-sales over the past three months and business activity-sales expectation for the next three months dropped by 3.3 per cent and 2.6 per cent MoM respectively during the month.

Under the services category, the sub-index for business situation for the past three months fell by 1.2 per cent month over month (MoM) in August. The sub-indices for demand turnover over the past three months and demand turnover expectation for the next three months dropped by 2.7 per cent and 1.2 per cent MoM respectively during the month.

ALCHEMPro News Desk (DS)