Confidence index increased in services, retail trade and construction sectors
Seasonally adjusted confidence index increased by 10.8% in services, 5.0% in retail trade and 31.1% in construction sectors in May compared to the previous month.Seasonally adjusted sectoral confidence indices, May 2020
Seasonally adjusted sectoral confidence indices, sub-indices and the rate of changes, May 2020Services confidence index realized as 51.1
Seasonally adjusted confidence index which was 46.1 for services in April increased by 10.8% in May to 51.1. In services sector compared to the previous month, demand-turnover expectation over next three months sub-index increased by 82.9% to 77.2. Demand-turnover over past three months sub-index decreased by 19.2% to 39.0 and business situation over past three months sub-index decreased by 22.5% to 37.1. Seasonally adjusted services confidence and tendency indices, May 2020
Retail trade confidence index realized as 79.0
Seasonally adjusted retail trade confidence index increased by 5.0% in May to 79.0. In retail trade sector compared to the previous month, current volume of stock sub-index increased by 1.6% to 120.4. Business activity-sales expectation over next three months sub-index increased by 48.8% to 75.1 and business activity-sales over past three months sub-index decreased by 26.7% to 41.6.
Seasonally adjusted retail trade confidence and tendency indices, May 2020
Construction confidence index realized as 58.5
Seasonally adjusted construction confidence index which was 44.7 in previous month increased by 31.1% in May to 58.5. In construction sector compared to the previous month, total employment expectation over next three months sub-index increased by 39.9% to 77.1. Current overall order books sub-index became 40.0 by increasing 16.9%. Seasonally adjusted construction confidence and tendency indices, May 2020
In construction sector, 81.8% of the enterprises indicated at least one factor limiting their activities while 18.2% of the enterprises indicated none in May. Among the main factors limiting activities in construction sector; "other factors" which was 50.7% in April realized as 47.3% in May, "insufficient demand" which was 42.4% in April realized as 44.8% in May, "financial constraints" which was 39.0% in April realized as 39.9% in May. The next release on this subject will be on June 24, 2020.
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.