Although the tendency to stay above the threshold level in the real sector confidence index data announced by the Central Bank for March continues, we observe that the current data point to a slowdown. While RSCI decreased by 1.3 points to 108.5 in March; The seasonally adjusted RSCI, on the other hand, decreased by 1.7 points to 108.2.
In this period, the manufacturing industry capacity utilization rate increased by 0.7 points to 77.3%; The seasonally adjusted CUR, on the other hand, was 78.2%.
We will observe the effects of the problems originating in Russia on the energy supply of the country and the direct energy needs of the industrial sector. The cumulative effect of previous exchange rate movements is still visible in the confidence index indicators on sectoral activity. As a result; The mood in the real sector indicates that the developments in the current period are relatively better than the expectations for the future in terms of economic activities and that the expectations have deteriorated. In the upcoming period, the desire to keep interest rates low along with credit expansion may create uncertainties regarding price and cost variability in the inflation environment. The macro environment should be stable and predictable in firms' production capacity and employment trends. Regarding 2022, we are more cautious within the framework of the global supply network, geopolitical risks and macroeconomic developments.
Kaynak Tera Yatırım
Hibya Haber Ajansı
