Both TurkStat and the bank calculate confidence indices
based on a range between 0 and 200 points, where a sub-100 score indicates a downbeat projection and more than 100 reflects an optimistic outlook.
Like other confidence indices
, the index is a single number that compares the current results to a baseline measure.
ANKARA, Jun 24, 2011 (TUR) -- Confidence indices for services and construction sectors decreased, while retail trade confidence indices rose in June, 2011.
TurkStat stated on Friday that confidence indices for services and construction sectors decreased 0.
The unemployment data supports the significant drop in both the Future and Employment Confidence Indices
, which decreased to their lowest levels ever (51.
Because all confidence indices
(Consumer Confidence and Consumer Sentiment) are scaled, they can only get so high.
TurkStat calculates confidence indices
based on a range between 0 and 200 basis points, where a sub-100 score indicates a pessimistic outlook and 100-plus reflects an optimistic one.
The Investment and Future Confidence Indices
, which rose by 12.
The main drivers behind the drop were decreases in the confidence indices in the manufacturing industry and retail trade.
Confidence indices in the consumer, services and construction industries on the other hand rose in February compared to the previous month.
Investment and Employment Confidence Indices
Reach Record Lows
Therefore, Consumer Confidence Indices
have proven to be reliable indicators of the current and the future economic health of market economies.