Services confidence index realized as 99.7
Seasonally adjusted confidence index which was 101.1 for services in October decreased by 1.4% in November to 99.7. This decrease in the services confidence index stemmed from the decreased number of managers evaluating “business situation” as improved and “demand-turnover” as increased over the past three months.
In services sector; business situation and demand-turnover indices decreased by 1.8% and 2.5% respectively compared to the previous month. Besides demand-turnover expectation index remained the same.
Retail trade confidence index realized as 99.9
Seasonally adjusted retail trade confidence index dropped by 3.9% in November to 99.9. This drop in the retail trade confidence index resulted from the decreased number of managers evaluating improved “business activity-sales” over the past three months and “current volume of stock” as below normal for the season. The number of managers expecting an improvement in “business activity-sales” over the next three months increased.
In retail trade sector; business activity-sales and current volume of stock indices decreased by 10% and 2.4% respectively while business activity-sales expectation index increased by 0.5% compared to the previous month.
Seasonally adjusted sectoral confidence indices, November 2017
Construction confidence index realized as 82.4
Seasonally adjusted construction confidence index which was 84.2 in previous month decreased by 2.1% in November to 82.4. This decrease in the construction confidence index stemmed from the decreased number of managers evaluating “current overall order books” as above normal for the season and expecting an increase in “total employment” over the next three months.
In construction sector; current overall order books and total employment expectation indices decreased by 0.5% and 3.2% respectively compared to the previous month.
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of
changes, November 2017
The next release on this subject will be on December 26, 2017.
Sectoral confidence indices can take value between 0 and 200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.