Confidence in the real sector increased in April

The Central Bank announced the results of the Business Trend Survey in April 2023.

The seasonally adjusted April 2023 Real Sector Confidence Index (RKGE-MA), based on responses from 1,718 workplaces operating in the manufacturing industry, increased 1.0 points from the previous month to become 105 ,1.

The Real Sector Confidence Index (RCI), which is not seasonally adjusted, increased 2.8 points compared to the previous month and performed at 108.0.

In the evaluations for the next three months, it can be seen that the trend has strengthened in favor of those who expected an increase in the volume of production, the number of export orders and the number of orders from the domestic market in the previous month. It can be seen that expectations have also strengthened in terms of employment in the next three months and investment expenses in fixed capital in the next twelve months.

LOWER PPI EXPECTATION

At the end of the next twelve months, the annual expectation of the PPI decreased 2.8 points with respect to the previous month and went to 67.6 percent.

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 has been observed that the expectations of an increase in the sale price in the next three months have strengthened.

LIMITING FACTORS OF PRODUCTION

In April 2023, 48.4 percent of surveyed workplaces said there was no factor limiting their production, while 14.2 percent said insufficient demand was the most important factor. which limited its production.