It is observed that the real sector confidence index and capacity utilization rate data of March announced by the Central Bank of Turkey decreased compared to the previous month. RSCI fell by 7.2 points in March to 99.7; seasonally adjusted RSGI, on the other hand, fell to 98.6 with a 8.1 point decrease.
In this period, while the manufacturing industry capacity utilization rate decreased by 0.7 points, it was 75.3%; seasonally adjusted CUR fell to 76.2%.
It is observed that there is an increase in the number of people expecting a decrease in production volume, domestic orders and export orders in the details of RSGI. In the first part of March, we see the reflection of the uncertainty caused by the first negative effects of the coronavirus on the industry. Of course, as the outbreak becomes more widespread and affects economic activity more, it will affect the production trends and export side in the industry more negatively. In this respect, we will see similar reflections in the industrial production, PMI and trade balance data for March and April. While production and fixed capital investments are negatively affected by the declining economic activity, exports will also be negatively affected in connection with the collapse of the external demand and supply chains that have detoriated as a result of moving the center of the virus to Europe.( Tera Menkul)
Hibya News Agency