Confidence Index in the Service Sector Rose by 2.4% in December

In December, the confidence index increased by 2.4% in the services sector, 1.2% in the retail trade sector, and 1.9% in the construction sector.

According to a statement by the Turkish Statistical Institute (TÜİK), the seasonally adjusted confidence index in December compared to the previous month showed a 2.4% increase in the services sector reaching a value of 113.6, a 1.2% increase in the retail trade sector reaching a value of 113.0, and a 1.9% increase in the construction sector reaching a value of 89.4.

Seasonally adjusted confidence indices and change rates, December 2024

Index Change rate compared to the previous month (%)

November December November December

Services sector confidence index 111.0 113.6 -2.9 2.4

Business situation in the last 3 months 110.1 111.7 -3.4 1.5

Demand for services in the last 3 months 110.2 111.4 -3.8 1.1

Expectations for demand for services in the next 3 months 112.6 117.7 -1.4 4.5

Retail trade sector confidence index 111.7 113.0 0.9 1.2

Business volume-sales in the last 3 months 119.2 127.1 2.5 6.7

Current goods stock level(1) 92.9 90.1 -1.2 -3.1

Expectations for business volume-sales in the next 3 months 122.9 121.8 0.9 -0.9

Construction sector confidence index 87.8 89.4 1.7 1.9

Current level of registered orders received 80.2 79.3 1.3 -1.1

Expectations for total number of employees in the next 3 months 95.4 99.6 2.1 4.4

(1) An increase in the current goods stock level index indicates a decrease in stock, while a decrease indicates an increase in stock.