Real sector confidence index decreased

In June 2022, RKGE decreased by 3 points compared to the previous month and became 106.4.

The Central Bank of the Republic of Turkey (CBRT) announced June Business Tendency Statistics and Real Sector Confidence Index. The results of the Business Tendency Survey in June 2022 were evaluated by weighting and aggregating the answers of 1771 workplaces operating in the manufacturing industry. Accordingly, in June 2022, RKGE decreased by 3 points compared to the previous month and became 106.4. When the diffusion indices of the survey questions that make up the index are analyzed, while the evaluations of fixed capital investment expenditure and total employment in the next three months affect the index in an upward direction, the total order amount in the last three months, general trend, production volume in the next three months, export order amount in the next three months, current Evaluations regarding finished goods stock and current total order quantity affected the index in a downward direction.

Seasonally adjusted real sector confidence index (RKGE-MA) decreased by 2.4 points compared to the previous month and became 104.6.

In the evaluations for the last three months, the trend in favor of those who reported an increase in their production volume, domestic market order amount and export order amount weakened compared to the previous month.

It has been observed that 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 have strengthened.

In the evaluations for the next three months, it is observed that the trend in favor of those who expected an increase in the production volume, domestic market order quantity and export order quantity in the previous month has weakened. It was observed that the 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.

It was observed that the trend in favor of those who expect an increase in average unit costs in the next three months strengthened, while the trend in favor of those who reported an increase in the last three months weakened. It is observed that the expectations for an increase in the sales price in the next three months have also weakened. As of the end of the next twelve months, the annual PPI expectation increased by 9.8 points compared to the previous month and became 80.9 percent.

Compared to the previous month, the rate of those who stated that they were more optimistic about the general course of their industry decreased to 5.2 percent, the rate of those who stated that they remained the same to 69.0 percent, while the rate of those who stated that they were more pessimistic rose to 25.8 percent.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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