The Real Sector Confidence Index Reached a 5-Month High

Real Sector Confidence Index Increased in October

The Central Bank of the Republic of Turkey (CBRT) published the Real Sector Confidence Index (RSCI) data for October 2023. According to the obtained data, the seasonally unadjusted Real Sector Confidence Index rose by 0.6 points to 100.8 compared to the previous month.

The seasonally adjusted Real Sector Confidence Index (RSCI-SA) also increased by 1.2 points to reach 102. This situation stands out as an important indicator reflecting optimism and expectations in the Turkish economy.

Factors Contributing to the Index Increase

When examining the diffusion indices related to the survey questions that make up the index, it was observed that factors such as current finished goods stock, total order quantity, total employment in the upcoming three months, and production volume positively impacted the index. However, there was a decrease in the assessments regarding the total order quantity over the past three months.

Capacity Utilization Rate Also On the Rise

In October 2023, the results of the Economic Outlook Survey, which included 1,828 manufacturing industries, were evaluated. The seasonally adjusted Capacity Utilization Rate (CUR-SA) reached 74 percent, with an increase of 0.2 points compared to the previous month.

Additionally, the seasonally unadjusted Capacity Utilization Rate (CUR) rose 0.2 points to 74.2 percent compared to the previous month. These data reflect the positive atmosphere in the manufacturing sector and the increasing production expectations.