In the real sector confidence index and capacity utilization rate data announced by the Central Bank in June, the recovery effects from the bottom continue to increase compared to the previous month. RSCI reached 92.6 with an increase of 15.7 points in June; seasonally adjusted RSCI, on the other hand, rose to 89.8 with an increase of 16.3 points.
In this period, while the manufacturing industry capacity utilization rate increased by 3.4 points to 66%; Seasonally adjusted CUR was 65.8%.
We observe that the industry leading indicators include the effects of return from the bottom since May, after the bottom seen in April. It is seen that comparative data showed an important leap with the opening of economies during the pandemic period. This is reflected in confidence indices. As a matter of fact, the economic activity data announced in China and the latest PMI data from Europe and the USA also increased the optimism. The continuity of this process comes from the absence of negative factors that may affect the sustainability of the current recovery conditions and its permanence. Since it is clear that 2Q20 will undergo a significant contraction in terms of both local and global economies, both the success of economic normalization and the impact of monetary and financial incentives must be monitored in terms of the stages of recovery in the future. After a period when companies lost their income and were out of operation, the measures taken for the economy and firm / sector-based incentives have an important place in terms of correcting the balance impaired by debt and financing conditions and keeping the labor force in place.
Source: Tera Menkul
Hibya News Agency