Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Turkiye
TURBVEMTE02STSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.28
Year-over-Year Change
-3.03%
Date Range
1/1/2011 - 6/1/2025
Summary
The Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Turkiye tracks the sentiment of businesses in the Turkish services sector regarding employment levels.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This indicator measures the net balance of companies in the Turkish services industry reporting an increase versus a decrease in employment. It is a leading indicator of the broader services sector's economic health and hiring trends.
Methodology
The data is collected through monthly surveys of businesses in the Turkish services industry.
Historical Context
This trend is closely watched by economists and policymakers to gauge the strength of the Turkish economy.
Key Facts
- Turkiye is a major emerging market economy.
- The services sector accounts for over 60% of Turkiye's GDP.
- Employment trends in services are an important barometer of economic health.
FAQs
Q: What does this economic trend measure?
A: This trend measures the net balance of businesses in the Turkish services sector reporting an increase versus a decrease in employment levels.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into hiring and economic activity trends in Turkiye's critical services sector, which is a key driver of the broader Turkish economy.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of businesses in the Turkish services industry.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this indicator to gauge the strength of the Turkish economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in reporting or limitations in survey coverage.
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Citation
U.S. Federal Reserve, Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Turkiye (TURBVEMTE02STSAM), retrieved from FRED.