Services confidence index increased to 102
Seasonally adjusted confidence index which was 96.2 for services in December 2017 increased by 6% in January 2018 to 102. This increase in the services confidence index stemmed from the increased 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 increased by 8.5%, 9.8% and 0.6% respectively compared to the previous month.
Retail trade confidence index increased to 106.2
Seasonally adjusted retail trade confidence index increased by 5.6% in January 2018 to 106.2. This upswing in the retail trade confidence index resulted from the increased number of managers evaluating improved “business activity-sales” over the past three months, “current volume of stock” as below normal for the season and expecting an improvement in “business activity-sales” over the next three months.
In retail trade sector; business activity-sales, current volume of stock and business activity-sales expectation indices increased by 8.9%, 0.2% and 7.8% respectively compared to the previous month.
Seasonally adjusted sectoral confidence indices, January 2018
Construction confidence index realized as 87
Seasonally adjusted construction confidence index which was 81.6 in previous month increased by 6.7% in January 2018 to 87. This increase in the construction confidence index stemmed from the increased 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 increased by 15.9% and 0.4% respectively compared to the previous month.
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of
changes, January 2018
The next release on this subject will be on February 22, 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.