Business confidence improves, capacity usage rises
ANKARA
Türkiye’s seasonally adjusted Real Sector Confidence Index increased by 1 point from the previous month to 102.0 in June, the Central Bank said on June 19.
The sub-indices of the survey questions showed that assessments regarding production volume over the next three months, fixed capital investment expenditure, total orders received over the past three months, current total orders and the general business outlook contributed positively to the headline index.
Meanwhile, assessments related to current inventories of finished goods, total employment over the next three months and export orders over the next three months weighed on the index.
The unadjusted Real Sector Confidence Index rose by 0.2 month-on-month to 103.5 in June.
Separate data released by the Central Bank showed that the seasonally adjusted Capacity Utilization Rate in the manufacturing industry increased by 0.2 percentage points from the previous month to 74.3 percent.
The unadjusted Capacity Utilization Rate also increased, rising by 0.3 percentage points month-on-month to 74.5 percent.
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Hurriyet Daily NewsParty-alignedCenter2 days agoTurkey's Real Sector Confidence Index increased by 1 point to 102.0 in June, according to the Central Bank. The index was influenced positively by expectations around production volume, capital investment, and orders, but negatively impacted by concerns over inventory levels, employment, and export orders. Additionally, the Capacity Utilization Rate in the manufacturing sector rose to 74.3% on a seasonally adjusted basis.
Bias read (Center): The article presents statistical data from the Central Bank without overtly biased language or selective emphasis. It reports both positive and negative factors affecting the confidence index and provides figures without apparent ideological framing.
Official sources cited
- government Central Bank of Turkey
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