In July 2024, seasonally adjusted Real Sector Confidence Index decreased by 1.8 points compared to the previous month and realized as 98.7. The index fell to the lowest level of the last 4 years.
Central Bank of the Republic of Turkey (CBRT) announced Business Tendency Statistics and Real Sector Confidence Index data for July 2024.
The non-seasonally adjusted Real Sector Confidence Index decreased by 2.5 points compared to the previous month and realized as 100.3, while the index decreased to June 2020 level.
In the data obtained by weighting and aggregating the responses of 1778 workplaces operating in the manufacturing industry, according to the statement made by the CBRT, when the diffusion indices of the survey questions that make up the index are analyzed, evaluations regarding the current stock of finished goods, production volume in the next three months and the amount of export orders in the next three months affected the index in the upward direction, while evaluations regarding the total amount of orders in the last three months, general outlook, fixed capital investment expenditure, current total orders and total employment in the next three months affected the index in the downward direction.
