Real sector confidence increased in February

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Lerato Khumalo

The February results of the Real Sector Confidence Index announced by the CBRT have been announced. Confidence increased by 2.5 points compared to the previous month and reached 104.1.

The statement made by the CBRT regarding the data is as follows:

“In February 2026, the seasonally adjusted Real Sector Confidence Index (RKGE-MA) increased by 1.1 points compared to the previous month and reached 104.1 levels. When the diffusion indices of the survey questions that make up the index are examined, it is seen that the total order amount in the last three months, the production volume in the next three months, the current total order amount, the export order amount in the next three months, fixed capital investment expenditure and evaluations regarding the existing finished goods stock affect the index in an upward direction, while the evaluations regarding the current finished goods stock affect the index in an upward direction. Evaluations regarding total employment and the general trend affected the index to decrease. The non-seasonally adjusted Real Sector Confidence Index (RKGE) increased by 2.5 points compared to the previous month and reached 104.1.

In the evaluations for the last three months, it is seen that the trend in favor of those reporting an increase in production volume and domestic market order amount has weakened compared to the previous month, and the trend in favor of those reporting a decrease in export order amount has turned in favor of those reporting an increase.

It is observed that the evaluations that the current total orders are below seasonal norms have weakened compared to the previous month, while the trend in favor of those reporting that the current finished goods stocks level is below seasonal norms has strengthened compared to the previous month.

In the evaluations for the next three months, it is seen that the trend in favor of those who expect an increase in production volume, domestic market order amount and export order amount has strengthened compared to the previous month. It is observed that the upward expectations regarding employment in the next three months and fixed capital investment expenditures in the next twelve months have also strengthened compared to the previous month.

It is seen that the trend in favor of those who expect an increase in average unit costs in the next three months has weakened, while the trend in favor of those who reported an increase in the last three months has strengthened. It is observed that the upward expectations regarding the sales price in the next three months have not changed compared to the previous month. “As of the end of the next twelve months, the annual PPI expectation decreased by 0.8 points compared to the previous month and was realized at 30.2 percent.”