TİM: Export Demand Index Stays Below Threshold Level

The Export Demand Index for October 2024 decreased by 0.7% compared to the previous month and increased by 0.5% compared to the same month last year, reaching 99.5, slightly distancing itself from the long-term reference value. According to the statement from TİM, despite a significant improvement in inflation expectations, a serious decline in job security and industrial production has distanced the index from its long-term average.

The Market Resilience Index stood at 99.3 in October 2024, marking a monthly decrease of 0.4% and an increase of 1.5% compared to the same month last year. Despite a limited improvement in the global geopolitical index, the decline in the export demand index negatively impacted resilience across our export markets, pushing the index away from its long-term average.

The statement noted: "The Export Demand Index, which tracks demand conditions for exported products through the markets where exports occur using fundamental macroeconomic indicators and leading macroeconomic indicators, registered a monthly decrease of 0.7% and an annual increase of 0.5% in October 2024, reaching a long-term average of 99.5. In October 2024, despite improvements in inflation expectations, the significant decline in job security and industrial production had distanced the demand index from the long-term average.

The TİM Market Resilience Index, created by utilizing long and short-term social, economic, and political indicators to measure the resilience of export markets against risks, recorded a monthly decrease of 0.4% and an annual increase of 1.5%, reaching 99.3 in October 2024. Despite the limited improvement in the global geopolitical index, the decline in the export demand index negatively affected resilience across our export markets, moving the index away from its long-term average."