December's Real Sector and Industry Confidence Indices Revealed

The Central Bank of the Republic of Turkey (CBRT) has announced the Real Sector Confidence Index (RKGE) for December 2024. The index, derived from the results of the Economic Direction Survey, was prepared based on the responses of 1,754 businesses operating in the manufacturing sector. The seasonally adjusted Real Sector Confidence Index decreased by 0.7 points compared to the previous month, reaching a level of 102.7.

Among the factors affecting the index, positive assessments regarding total employment in the upcoming three months, export order volume, production capacity, and general economic outlook stood out, while elements such as fixed capital investment expenditure, total order volume over the last three months, and current finished goods stock had a negative impact on the index. The non-seasonally adjusted index decreased by 1.3 points, settling at 99.1.

Increase in Confidence Observed in Sectors The Turkish Statistical Institute (TÜİK) has released the seasonally adjusted "Service, Retail Trade, and Construction Confidence Indices" for December. The confidence index in the service sector increased by 2.4% compared to the previous month, reaching a value of 113.6. In the retail trade sector, an increase of 1.2% was observed, bringing the index to 113. The construction sector saw a 1.9% rise, establishing the confidence index at 89.4.

These increases indicate that optimism and confidence have risen across sectors. Particularly, the growth seen in the service and retail trade sectors suggests ongoing economic activity, while the construction sector appears to be making steps toward recovery. This data provides market players and investors with significant insights into economic activity.