The Real Sector Confidence Index announced by the CBRT decreased by 0.4 points in April compared to the previous month. The seasonally adjusted Real Sector Confidence Index decreased by 1.4 points.
The details of the Real Sector Confidence Index announced by the CBRT are as follows;
“According to the data obtained by the April 2026 Economic Tendency Survey results of the Central Bank of the Republic of Turkey (CBRT) by weighting and aggregating the responses of 1,752 workplaces operating in the manufacturing industry, the seasonally adjusted Real Sector Confidence Index (RKGE-MA) decreased by 1.4 points compared to the previous month, reaching 98.6 in April 2026. The non-seasonally adjusted RKGE, on the other hand, It was announced as 100.6, decreasing by 0.4 points.
When the components that make up the index are examined, it is seen that evaluations regarding fixed capital investment expenditure and the current total order amount affect the index towards an increase. On the other hand, the total order amount in the last three months, the general trend, the export order amount in the next three months, the production volume in the next three months, the existing finished goods stock and the total employment evaluations in the next three months pulled the index down.
In the evaluations for the last three months, it was observed that the trend in favor of those reporting a decrease in production volume turned in favor of those reporting an increase, while the trend in favor of those reporting a decrease in the domestic market order amount and export order amount weakened compared to the previous month. It was determined that the evaluations that the current total orders were below the seasonal norms also weakened compared to the previous month, while the share of those reporting that the current finished goods stocks were above the seasonal norms increased.
In the expectations for the next three months, it was observed that the trend in favor of those who expected an increase in production volume and export order amount had weakened compared to the previous month, while the expectations for an increase in the domestic market order amount had strengthened. It was reported that the upward expectations regarding employment in the next three months and fixed capital investment expenditures in the next twelve months have also strengthened.
On the cost and price expectations side, it was seen that the number of people who predicted that unit costs would increase and sales prices would increase in the next three months increased. As of the end of the next twelve months, the annual PPI expectation increased by 0.8 points compared to the previous month and reached 31.9 percent.
While 56.5 percent of the workplaces participating in the survey stated that there were no factors restricting their production in April 2026, 12.8 percent cited lack of demand as the most important limiting factor. Insufficient demand was followed by raw material-equipment insufficiency (8.8 percent), financial impossibilities (8.6 percent), labor shortage (8.0 percent) and other factors (5.3 percent). “It was observed that the trend in favor of those who stated that they were more pessimistic about the general course of action in the current industry compared to the previous month had strengthened.”
