Real Sector Confidence Index increased by 0.6 points compared to the previous month, reaching 101.5 in February.
Economic Tendency Statistics and Real Sector Confidence Index for February were announced by the Central Bank of the Republic of Turkiye.
The results of the Economic Tendency Survey were evaluated by weighting and aggregating the responses of 1725 workplaces operating in the manufacturing industry.
Accordingly, the Real Sector Confidence Index increased by 0.6 points in February compared to the previous month and reached 101.5. In the same period, the seasonally adjusted real sector confidence index decreased by 0.9 points to 102.
When the diffusion indices of the survey questions that make up the index are examined, it was observed that evaluations regarding the current total order amount and the total order amount in the last 3 months affected the index towards an increase, and evaluations regarding the production volume in the next 3 months, fixed capital investment expenditure, existing finished goods stock, total employment in the next 3 months, general trend and export order amount in the next 3 months affected the decrease.
In the evaluations for the last 3 months, the trend in favor of those reporting a decrease in production volume and export order amount weakened compared to the previous month, while the trend in favor of those reporting a decrease in domestic market order amount strengthened compared to the previous month.
While the evaluations that the current total orders are below the seasonal norms weakened compared to the previous month, the evaluations that the current finished goods stocks level was above the seasonal norms strengthened.
In evaluations for the next 3 months, the trend in favor of those who expect an increase in production volume, export order amount and domestic market order amount has strengthened compared to the previous month.
While the upward expectations regarding fixed capital investment expenditures in the next 12 months weakened compared to the previous month, the upward expectations regarding employment in the next 3 months gained strength.
PPI expectation decreased to 54.7%
While the trend in favor of those who expect an increase in average unit costs in the next 3 months has weakened, the trend in favor of those who reported an increase in the last 3 months has strengthened.
Increased expectations regarding the sales price in the next 3 months have weakened. As of the end of the next twelve months, the annual PPI expectation decreased by 0.3 points compared to the previous month, reaching 54.7%.
The rate of those who stated that the general trend in their industry remained the same compared to the previous month increased to 77.3%, the rate of those who stated that they were more pessimistic increased to 16.6%, while the rate of those who stated that they were more optimistic decreased to 6.1%.
Source: AA / Prepared by Irem Yildiz