The Central Bank of the Republic of Turkey (CBRT) announced the Seasonally Adjusted Real Sector Confidence Index (RKGE-MA) data for July 2023. Accordingly, RKGE-MA decreased by 0.8 points compared to the previous month and became 104.9.
According to the results of the survey, when the diffusion indices of the survey questions that make up the index are examined, the evaluations regarding the current finished goods stock and the current total order quantity have affected the index in an upward direction. However, the general trend, the total employment in the next three months, the export order amount in the next three months, the total order amount in the last three months, the production volume in the next three months and the evaluations regarding fixed capital investment expenditures affected the index in a downward direction.
In the same period, while the ratio of those expecting an increase in the domestic order quantity has strengthened compared to the previous month, the ratio of those expecting an increase in the production volume and export order quantity has weakened. Increasing expectations for employment in the next three months and fixed capital investment expenditures in the next twelve months also weakened.
While 53.6 percent of the workplaces participating in the survey stated that there was no factor limiting their production, 13.1 percent stated that the lack of demand was the most important factor limiting their production. Other important limiting factors were listed as lack of raw materials and equipment, financial impossibilities and lack of workforce.
When the developments regarding competitiveness in the last three months are analyzed, it is seen that the trend in favor of those who report a decrease in competitiveness in domestic markets has strengthened, but the trend in favor of those who report a decrease in competitiveness in foreign markets within and outside the European Union has weakened.
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