Confidence increased in construction sector but fell in both services and retail trade sectors in April 2016
Services confidence index decreased by 3.8%...
Seasonally adjusted confidence index which was 93.50 for services in March decreased to 89.93 in April. This decrease in the services confidence index stemmed from the decreased number of managers evaluating "business situation" as improved and "demand-turnover" as increased over the past three months plus 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 4.9%, 2.1% and 4.2% respectively compared to the previous month.
Retail trade confidence index decreased by 5.9%...
Seasonally adjusted retail trade confidence index decreased to 103.95 in April. This decline in the retail trade confidence index resulted from the decreased number of managers evaluating "improved business activity-sales" over the past three months and "current volume of stock" as below normal for the season plus expecting an improvement in "business activity-sales" over the next three months.
In retail trade sector; business activity-sales, current volume of stock and business activity-sales expectation indices decreased by 9.8%, 1.5% and 6.1% respectively compared to the previous month.
Construction confidence index increased by 0.1%...
Seasonally adjusted confidence index which was 81.43 for construction in previous month increased to 81.54 in April. This increase in the construction confidence index stemmed from the increased number of managers expecting an increase in "total employment" over the next three months. The number of managers evaluating "current overall order books" as above normal for the season decreased.
In construction sector; while current overall order books index decreased by 1.5%, total employment expectation index increased by 1.3% compared to the previous month.