Real Sector Confidence Index Rises to 104.1 in February

Increase in Real Sector Confidence Continues The Central Bank of the Republic of Turkey (TCMB) has released the results of the Economic Tendency Survey for February 2026.
According to the data, the seasonally adjusted Real Sector Confidence Index (RKGE-MA) increased by 1.1 points compared to the previous month, reaching 104.1.
The unadjusted real sector confidence index also rose by 2.5 points compared to the previous month, settling at the 104.1 level.
Factors Driving the Index Upward An analysis of the diffusion indices for the survey questions shows that several sub-items supported the overall increase.
The primary factors positively impacting the index included: Total order quantity over the last three months Production volume for the next three months Current total orders Export order quantity for the next three months Additionally, positive assessments regarding fixed capital investment expenditures and current finished goods stocks contributed to the growth.
Conversely, expectations for total employment over the next three months and the general course of business were recorded as factors limiting the index.
The seasonally adjusted capacity utilization rate decreased by 0.4 points compared to the previous month, falling to 74.0%.
The unadjusted capacity utilization rate realized at 73.5% during the same period, marking a 0.6-point decrease.