Real Sector Confidence Index Rises in February: Reaches 104.1

Positive Outlook in Index Data The Central Bank of the Republic of Türkiye (CBRT) has released the Economic Tendency Statistics and Real Sector Confidence Index data for February.
The seasonally adjusted Real Sector Confidence Index (RKGE-MA) recorded an increase of 1.1 points compared to the previous month, reaching 104.1.
During the same period, the unadjusted index rose by 2.5 points to also reach the 104.1 level.
Production and Order Expectations Support the Index The upward movement in the index was primarily driven by positive evaluations regarding the total amount of orders over the last three months, projected production volume for the next three months, current total orders, and export order quantities.
Conversely, expectations regarding total employment and the general course of business for the next three months continued to exert downward pressure on the index.
Decline in Inflation Expectations In projections for the next three months, the proportion of participants expecting an increase in production volume, domestic market orders, and export orders strengthened compared to the previous month.
Improvements were observed regarding price stability and costs.
The annual Producer Price Index (PPI) expectation for the end of the next 12-month period decreased by 0.8 points, falling to 30.2%.
Regarding the general course of the industrial sector, participants exhibited a more cautious and pessimistic approach compared to the previous month.