Real Sector Confidence Index (RCI) decreased by 1.8 points to 105 in August compared to the previous month.
Economic Tendency Statistics and Real Sector Confidence Index for August were announced by the Central Bank of the Republic of Turkey (CBRT).
The results of the Business Tendency Survey were evaluated by weighting and aggregating the responses of 1,734 workplaces operating in the manufacturing industry.
Accordingly, RKGE decreased by 1.8 points compared to the previous month and became 105.0 in August. In the same period, seasonally adjusted real sector confidence index (RKGE-MA) decreased by 0.3 points compared to the previous month and became 104.6.
When the diffusion indices of the survey questions that make up the index are examined, it is seen that while the total order amount in the last 3 months, the total employment in the next 3 months and the evaluations of fixed capital investment expenditures affect the index in an upward direction, the amount of export orders in the next 3 months, the production volume in the next three months, the general trend and the current Evaluations regarding finished goods stocks affected the index in a downward direction.
Evaluations regarding the current total order amount were at the level of the previous month.
In the evaluations for the last 3 months, the trend in favor of those who reported an increase in their production volume, domestic market order quantity and export order volume has strengthened compared to the previous month.
While the evaluations that the current total orders are below the seasonal normals did not change compared to the previous month, the evaluations that the current finished goods inventories are above the seasonal normals strengthened compared to the previous month.
In the evaluations for the next 3 months, the trend in favor of those who expected an increase in the production volume, export order amount and domestic market order amount weakened. While the expectations for an increase in fixed capital investment expenditures in the next 12 months strengthened compared to the previous month, the expectations for an increase in employment in the next 3 months weakened.
PPI expectation rose to 64.3 percent
The trend in favor of those who expect an increase in average unit costs in the next 3 months and those who report an increase in the last 3 months has strengthened.
On the other hand, the expectations for an increase in the sales price in the next 3 months weakened. As of the end of the next 12-month period, the annual PPI expectation increased by 4.7 points compared to the previous month and became 64.3 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 5.9 percent.