The confidence indexes for key sectors in Turkish businesses edged up in May after falling in April, the Turkish Statistical Institute said in a statement released on Friday.
The index for the services sector was up 0.1 percent from April, hitting 100.69 points from 100.60 points.
In the services sector, the demand-turnover index and demand-turnover expectation index increased by 0.5 percent and 0.4 percent respectively, while the business situation index decreased by 0.6 percent compared with the previous month.
The retail trade confidence index rose 1.4 percent for the same period, and the construction confidence index soared 2.9 percent.
In the retail trade sector, the current volume of stock index and business activity-sales expectation index increased by 1.8 percent and 3.9 percent respectively, while the business activity-sales index decreased by 1.7 percent compared with the previous month.
The construction confidence index saw a significant improvement as it rose by 2.9 percent to 83.40 points in May from 81.04 points in April, a reading that suggested an optimistic investor sentiment in the construction sector.
Sectoral confidence indexes can take a value between 0 and 200 and indicate an optimistic outlook when the index is above 100, but a pessimistic outlook below 100, the statement added.
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