Services confidence index realized as 96.2
Seasonally adjusted confidence index which was 99.7 for services in November decreased by 3.5% in December to 96.2. 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 plus expecting an increase in “demand-turnover” over the next three months.
In services sector; business situation, demand-turnover and demand-turnover expectation indices decreased by 5.2%, 4.7% and 0.8% respectively compared to the previous month.
Retail trade confidence index increased to 100.6
Seasonally adjusted retail trade confidence index increased by 0.7% in December to 100.6. This increase in the retail trade confidence index resulted from the increased 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 decreased.
In retail trade sector; business activity-sales and current volume of stock indices increased by 1.3% and 2.1% respectively while business activity-sales expectation index decreased by 1.1% compared to the previous month.
Seasonally adjusted sectoral confidence indices, December 2017
Construction confidence index realized as 81.6
Seasonally adjusted construction confidence index which was 82.4 in previous month decreased by 1% in December to 81.6. 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. The number of managers expecting an increase in “total employment” over the next three months increased.
In construction sector; current overall order books index decreased by 3.5% while total employment expectation index increased by 0.8% compared to the previous month.
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of
changes, December 2017
The next release on this subject will be on January 25, 2018.
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.