The real Sector Confidence Index rose by 0.7 points to 102.4 in February compared to the previous month.
Economic Tendency Statistics and Real Sector Confidence Index for February were announced by the Central Bank of the Republic of Turkiye (CBRT). The results of the Business Tendency Survey were evaluated by weighting and aggregating the responses of 1678 workplaces operating in the manufacturing industry.
While the survey responses were compiled as of February 1, the weighted response rate of companies located in 11 provinces affected by the earthquake decreased from 87.0% in the previous month to 61.1% in February.
Accordingly, RKGE increased by 0.7 points to 102.4 in February compared to the previous month. In the same period, the seasonally adjusted Real Sector Confidence Index (RKGE-MA) decreased by 1.0 points to 102.4.
When the diffusion indices of the survey questions that make up the index are examined, evaluations regarding the total order amount in the last three months, the current total order amount, the current finished goods stock, the total employment in the next three months and the fixed capital investment expenditures affected the index in an upward direction. The export order amount in the next three months, the production volume in the next three months and the evaluations on the general trend affected the index in a downward direction.
In the evaluations for the last three months, the trend in favor of those who reported an increase in their production volume and domestic market order amount turned in favor of those who reported a decrease. The trend in favor of those who reported a decrease in the amount of export orders weakened compared to the previous month.
The evaluations that the current total orders are below the seasonal normals and the evaluations that the current finished goods stocks are above the seasonal normals decreased compared to the previous month.
In the evaluations for the next three months, the trend in favor of those expecting an increase in the production volume and domestic market order volume has strengthened compared to the previous month. The trend in favor of those expecting an increase in the amount of export orders weakened. Expectations for an increase in fixed capital investment expenditures in the next twelve months and employment in the next three months strengthened compared to the previous month.
PPI expectation fell to 74.8%
The trend in favor of those who expected an increase in average unit costs in the next three months and those who reported an increase in the last three months weakened.
As of the end of the next twelve months, the annual PPI expectation decreased by 2.4 points compared to the previous month and became 74.8%.
Compared to the previous month, the rate of those who stated that they were more optimistic about the general course of the industry in which they belong came to 5.9%, while the rate of those who stated that they remained the same rose to 75.5%, and the rate of those who stated that they were more pessimistic rose to 18.6%.
Source: Trthaber / Prepared by Irem Yildiz