Real Sector Confidence Index increased by 1.8 points in January compared to the previous month and realized as 100.9 in January, not seasonally adjusted.
According to the statement made by the Central Bank of the Republic of Turkey (CBRT), when the diffusion indices of the survey questions that make up the index are analyzed, the evaluations regarding the stock of finished goods, current total orders, total orders in the last three months and fixed capital investment expenditure affected the index in the upward direction, while the evaluations regarding the total employment in the next three months, the general outlook, the production volume in the next three months and the export orders in the next three months affected the index in the downward direction.
A value below 100 in the Real Sector Confidence Index indicates a pessimistic outlook in which the confidence of the representatives of the real sector in the survey regarding economic activities decreases, while a value above 100 indicates an optimistic outlook.
In January 2024, 54.8 percent of the surveyed enterprises stated that there were no factors limiting their production, while 14.9 percent stated that lack of demand was the most important factor limiting their production, followed by lack of raw materials-equipment, lack of labor force, financial impossibilities and other factors.
Compared to the previous month, the rate of those who stated that they were more optimistic about the general outlook in their industry decreased to 6.7 percent, while the rate of those who stated that they were more pessimistic increased to 16.3 percent and the rate of those who stated that they remained the same increased to 77.0 percent.