SAMEKS Index Wraps Up the Year with a Positive Outlook
In December, the SAMEKS, which last recorded an increase in June, once again surpassed the reference value, closing the year with a positive outlook.
The statement noted: "In December 2024, the seasonally and calendar-adjusted SAMEKS Composite Index increased by 3.2 points compared to the previous month, rising to a value of 51.3, thereby ending a five-month downward trend.
During this period, the Services Sector SAMEKS Index recorded an increase of 4.3 points compared to the previous month, reaching a level of 51.2. The Industry Sector SAMEKS Index also saw a recovery of 1.0 point, rising to 50.6.
This development was influenced by rapid increases in input purchases and employment in both the service and industrial sectors. The business volume in the services sector and the production stagnation in the industrial sector continued in December.
Thus, the seasonally and calendar-adjusted SAMEKS Composite Index, which increased by 3.2 points to a level of 51.3, indicated a more vibrant economic activity compared to the previous month.
Industry Sector SAMEKS Index The seasonally and calendar-adjusted Industry Sector SAMEKS Index increased by 1.0 point in December 2024, rising to 50.6 compared to the previous month.
The input purchases, which rose sharply by 6.3 points compared to the previous month, have been the main factor behind the observed revival in the sector. Despite the recovery of 1.1 points in the new orders sub-index, it continued to remain below the reference value at 48.5 points.
Thus, although the production sub-index recorded an increase of 0.8 points compared to the previous month, it remained stagnant at a level of 49.4.
During this period, the final goods stock sub-index increased by 0.5 points to a level of 47.5, while the supplier delivery time sub-index, despite a decrease of 1.9 points, maintained a positive outlook at 50.7 points.
The employment sub-index rose by 6.0 points compared to the previous month, reaching a level of 52.6, indicating an increase in labor demand across the sector in December.
As a result of these developments, the seasonally and calendar-adjusted Industry Sector SAMEKS Index, which registered a level of 50.6, just above the reference value, exhibited an increase after five months and closed the year 2024 positively.
Services Sector SAMEKS Index The seasonally and calendar-adjusted Services Sector SAMEKS Index recorded an increase of 4.3 points in December 2024, rising to a level of 51.2 compared to the previous month.
The strong performance of input purchases at a level of 59.0 points has been a determinant of the revival observed in the services sector. Despite a recovery of 5.6 points, the business volume sub-index, remaining at 46.1, indicates that stagnation in the sector is still persisting.
Other positive developments for December included the final goods stock sub-index, which increased by 4.5 points to a level of 53.7, and the supplier delivery time sub-index, which rose by 4.3 points to a level of 51.7.
The employment sub-index for the sector increased by 6.6 points to a level of 50.7, demonstrating a similar trend as that of the industrial sector.
Thus, the Services Sector SAMEKS Index, which rose above the reference value to a level of 51.2, ended its five-month decline and showed a positive outlook in the last month of the year.
Having last recorded an increase in June, the SAMEKS has once again surpassed the reference value in December, closing the year with a positive outlook. However, it is noteworthy that the business volume in the services sector and the production sub-index in the industrial sector continued their declining trends in December. In both sectors, increases in input purchases and employment suggest that firms are advancing their purchasing and hiring processes to avoid being less affected by upcoming prices and wages in the new year.