The real sector confidence index (RKGE) increased by 0.4 points in October compared to the previous month and became 100.3. According to the statement made by the Central Bank of the Republic of Turkey (CBRT), when the spread indices of the survey questions that make up the Index are analyzed, the evaluations regarding the total order amount, fixed capital investment expenditure, current finished goods stock and the current total order amount in the last three months affect the index in an upward direction. Evaluations regarding the export order amount in the three months, the production volume in the next three months, the total employment in the next three months and the general trend affected the index in a downward direction. Seasonally adjusted real sector confidence index (RKGE-MA) increased by 1.8 points compared to the previous month and became 102.0. In the evaluations for the last three months, it was observed that the course in favor of those who reported a decrease in production volume, domestic market order quantity and export order quantity weakened compared to the previous month. It was observed that the evaluations that the current total orders are below the seasonal normals and the evaluations that the current finished goods inventories are above the seasonal normals weakened compared to the previous month. In the evaluations for the next three months, it was observed that the trend in favor of those who expected an increase in the production volume, export order amount and domestic market order amount in the previous month weakened. It has been observed that the upward expectations for employment in the next three months weakened, while the upward expectations regarding fixed capital investment expenditures in the next twelve months strengthened. It is observed that the trend in favor of those who report an increase in average unit costs in the last three months and those who expect an increase in the next three months has weakened. It was observed that the upward expectations regarding the sales price in the next three months also weakened. As of the end of the next twelve months, the annual PPI expectation increased by 1.1 points compared to the previous month and became 91.9 percent. In October 2022, 47.1 percent of the workplaces participating in the survey stated that there was no factor limiting their production, while 16.4 percent stated that insufficient demand was the most important factor limiting their production, followed by raw material-equipment inadequacy, financial impossibilities, labor shortage and other factors. factors followed. When the developments regarding competitiveness in the last three months are evaluated, it is seen that the trend in favor of those who reported a decrease in competitiveness in domestic markets in the previous period has strengthened. It was observed that the trend in favor of those reporting a decrease in competitiveness in foreign markets within the European Union strengthened, while the trend in favor of those reporting a decrease in competitiveness in foreign markets outside the European Union weakened. While the rate of those who stated that the general course of their industry remained the same compared to the previous month increased to 72.1 percent, the rate of those who stated that they were more pessimistic increased to 22.5 percent, while the rate of those who stated that they were more optimistic decreased to 5.4 percent.
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