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Turkish services sector sentiment rises in July, construction sentiment falls

Seasonally adjusted sentiment index of Turkey’s services sector rose 5 percent in July to 103.7 from June’s 98.8, showed Statistics Turkey. The rise in services sentiment index triggered from the increased number of managers evaluating “business situation” as improved and “demand-turnover” as increased in the past three months plus expecting a rise in “demand-turnover” in the next three months.

Within services sector, business situation, demand-turnover and demand-turnover expectation indices rose 6.3 percent, 7.2 percent and 2.2 percent respectively as compared to the prior month.

Meanwhile, seasonally adjusted retail trade sentiment index was up 6.6 percent in July to 107.3. This rise in the retail trade sentiment index came from the increased number of managers evaluating improved “business activity-sales” in the past three months and expecting an improvement in “business activity-sales” in the next three months.

Within retail trade sector, business activity-sales and business activity-sales expectation indices rose 14.6 percent and 6.2 percent respectively while current volume of stock index dropped 0.5 percent as compared to prior month.

In the meantime, construction sentiment index dropped 1.4 percent in July to 85.5. The drop was 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. Within construction sector, current overall order books and total employment expectation indices dropped 1.2 percent and 1.5 percent respectively as compared to the earlier month.

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