Confidence in the real sector did not change in May

The Central Bank (CBRT) announced the data of the Economic Trend Statistics and the Confidence Index of the Real Sector for May 2023.

According to the results of the index created from the responses of 1743 workplaces operating in the manufacturing industry, the seasonally adjusted Real Sector Confidence Index (RKGE-MA) in May was unchanged at 105.1 compared to the last month.

The Real Sector Confidence Index (ICR), which is not seasonally adjusted, increased 0.3 points with respect to the previous month and went to 108.3.

ANSWERS TO THE SURVEY QUESTIONS

Assessments regarding the export order amount in the next three months, the production volume in the next three months, and the total order amount in the last three months affected the index in an upward direction.

Assessments on fixed capital investment spending, the general trend, total employment in the next three months, the current stock of finished goods and the current total number of orders affected the index in a downward direction.

In assessments for the next three months, the expectation of an increase in production volume, the number of export orders and the number of orders from the domestic market has increased. Expectations for an increase in fixed capital investment spending in the next twelve months and employment in the next three months weakened compared to the previous month.

MANUFACTURERS PPI EXPECTATION AFTER 1 YEAR 62.8 PERCENT

The trend weakened in favor of those who expected an increase in average unit costs in the next three months and those who reported an increase in the last three months. The upward expectations regarding the sale price in the next three months also weakened.

At the end of the next twelve months, the annual expectation of the PPI decreased 4.8 points with respect to the previous month and went to 62.8 percent.