Confidence indices rose in services sector but fell in retail trade and construction sectors
Services confidence index increased by 5.1%...
Seasonally adjusted confidence index which was 89.93 for services in April increased to 94.50 in May. This increase in the services confidence index stemmed from the increased 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 increased by 6.4%, 4.7% and 4.3% respectively compared to the previous month.
Retail trade confidence index decreased by 0.1%...
Seasonally adjusted retail trade confidence index decreased to 103.82 in May. 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 expecting an improvement in "business activity-sales" over the next three months. The number of managers evaluating "current volume of stock" as below normal for the season increased.
In retail trade sector; while business activity-sales and business activity-sales expectation indices decreased by 0.1% and 0.3% respectively, current volume of stock index increased by 0.1% compared to the previous month.
Construction confidence index decreased by 2.9%...
Seasonally adjusted construction confidence index which was 81.54 in previous month decreased to 79.18 in May. This decrease stemmed from the decreased 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 increased.
In construction sector; while total employment expectation index decreased by 6.9%, current overall order books index increased by 3.4% compared to the previous month.