Business

Real Sector Confidence Index revealed

Real Sector Confidence Index (RKGE) decreased by 3 points to 106.4 in June compared to the previous month.

Economic Tendency Statistics and Real Sector Confidence Index for June 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 1,771 workplaces operating in the manufacturing industry.

Accordingly, RKGE decreased by 3 points to 106.4 in June compared to the previous month. In the same period, the seasonally adjusted real sector confidence index (RKGE-MA) decreased by 2.4 points to 104.6.

When the diffusion indices of the survey questions that make up the index are analyzed, the evaluations regarding fixed capital investment expenditure and total employment in the next three months affected the index in an upward direction. Evaluations regarding the total order quantity in the last three months, the general trend, the production volume in the next three months, the export order quantity in the next three months, the current finished goods stock and the current total order quantity 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, domestic market order quantity and export order quantity 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 have strengthened.

In the evaluations for the next three months, 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 weakened. On the other hand, expectations regarding fixed capital investment expenditures in the next twelve months and employment in the next three months increased compared to the previous month.

PPI expectation rose to 80.9%

In the average unit costs, the trend in favor of those who expect an increase in the next three months strengthened, while the trend in favor of those who reported an increase in the last three months and the expectations for the sales price in the next three months 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%.

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% and the rate of those who stated that they remained the same to 69.0%, while the rate of those who stated that they were more pessimistic rose to 25.8%.

Source: Trthaber / Translated by Irem Yildiz

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