Real Sector Confidence Index decreased by 3.1 points in November compared to the previous month, falling to 100.2.
Economic Tendency Statistics and Real Sector Confidence Index for November were announced by the Central Bank of the Republic of Turkiye (CBRT).
The results of the Economic Tendency Survey were evaluated by weighting and aggregating the responses of 1760 workplaces operating in the manufacturing industry.
Accordingly, RKGE decreased by 3.1 points in November compared to the previous month, falling to 100.2. In the same period, the seasonally adjusted real sector confidence index (RKGE-MA) decreased by 1.4 points compared to the previous month and stood at 103.9.
When the diffusion indices of the survey questions that make up the index are examined, evaluations regarding total employment in the next 3 months and production volume in the next 3 months affect the index towards an increase. Evaluations regarding the total order amount in the last 3 months, the current total order amount, fixed capital investment expenditure, the export order amount in the next 3 months, the general trend and the current finished goods stock affected the index to decrease.
In the evaluations for the last 3 months, the trend in favor of those reporting an increase in domestic market order quantity turned in favor of those reporting a decrease. While the trend in favor of those reporting an increase in production volumes strengthened compared to the previous month, the trend in favor of those reporting an increase in export order amounts weakened.
Evaluations that current total orders are below seasonal norms and evaluations that current finished goods stocks level is above seasonal norms have strengthened compared to the previous month.
In evaluations for the next 3 months, the trend in favor of those who expect an increase in production volume and export order amount has weakened compared to the previous month, while the trend in favor of those who expect an increase in the domestic market order amount has strengthened.
While the upward expectations regarding fixed capital investment expenditures in the next 12 months have weakened compared to the previous month, the upward expectations regarding employment in the next 3 months have strengthened.
PPI expectation decreased to 61.2%
While the trend in favor of those who reported an increase in average unit costs in the last 3 months has strengthened slightly, the trend in favor of those who expect an increase in the next 3 months has weakened slightly.
Increased expectations regarding the sales price in the next 3 months have also weakened. As of the end of the next 12-month period, annual PPI expectation decreased by 1.3 points compared to the previous month and reached 61.2%.
The rate of those who stated that they were more optimistic about the general trend in their industry compared to the previous month decreased to 6.8%, the rate of those who stated that they were more pessimistic decreased to 15.1%, while the rate of those who stated that it remained the same increased to 78.1%.
Source: Trthaber / Prepared by Irem Yildiz