Services confidence index realized as 79.4
Seasonally adjusted confidence index which was 88 for services in August decreased by 9.7% in September to 79.4. This decrease in the services confidence index stemmed from the decreased number of managers evaluating “business situation” as improved, “demand-turnover” as increased over the past three months and 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 12%, 9.1% and 8.3% respectively compared to the previous month.
Retail trade confidence index realized as 88.5
Seasonally adjusted retail trade confidence index decreased by 5.2% in September to 88.5. This downswing in the retail trade confidence index resulted from the decreased number of managers evaluating improved “business activity-sales” over the past three months and expecting an improvement in “business activity-sales” over the next three months. The number of managers evaluating “current volume of stock” as below normal for the season increased.
In retail trade sector; business activity-sales and business activity-sales expectation indices decreased by 14.2% and 12.9% respectively while current volume of stock index increased by 8.8% compared to the previous month.
Seasonally adjusted sectoral confidence indices, September 2018
Construction confidence index realized as 57.3
Seasonally adjusted construction confidence index which was 68.8 in previous month dropped by 16.7% in September to 57.3. This drop 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 13.9% and 18.7% respectively compared to the previous month.
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of
changes, September 2018
The next release on this subject will be on October 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.