In March 2022, the seasonal and calendar adjusted SAMEKS Composite Index increased by 0.8 points compared to the previous month and rose to 54.3. The service sector index, which increased by 1.8 points compared to the previous month and rose to 54.8, played a decisive role in this acceleration observed in the index; industrial sector index, on the other hand, decreased by 1.8 points to 52.1, but remained above the reference value of 50. a 5-month hiatus with the continued strong course of input purchases presenting a positive outlook; In the industrial sector, the production sub-index displayed a negative outlook due to the decrease in the rate of increase in new orders and input purchases compared to the previous month. As a result of these developments, the SAMEKS Composite Index adjusted for seasonal and calendar effects is 54.3; Pointing to the vitality of economic activity in March, it maintained its positive outlook in this period as well.

Industry Sector SAMEKS Index

Seasonally and calendar adjusted Industrial Sector SAMEKS Index decreased by 1.8 points to 52.1 in March 2022 compared to the previous month. In this period, the decrease in new orders by 3.8 points compared to the previous month to 50.1 was decisive. plays a role in the loss of momentum throughout the sector. The production sub-index, which decreased by 5.6 points compared to the previous month due to the loss of momentum in new orders, displayed a negative outlook and declined to 44.8 points. Input purchases, which suddenly decreased by 7.9 points compared to the previous month, maintained its strong course with 66.1 points in this period despite the loss of momentum. In March, the final goods stock sub-index increased by 3.1 points compared to the previous month and rose to 49.0 points, while the supplier delivery time sub-index increased by 3.7 points and maintained its positive outlook of 58.7. The sector employment sub-index, on the other hand, decreased by 2.5 points to 48.3, parallel to the production loss seen in this period. Thus, the Industrial Sector SAMEKS Index decreased by 1.8 points compared to the previous month and regressed to 52.1 points, but continued its course above the reference value of 50.

Service Sector SAMEKS Index

Seasonally and calendar adjusted Service Sector SAMEKS Index increased by 1.8 points compared to the previous month and became 54.8 in March 2022. In this period, input purchases related to the sector increased by 0.6 points and reached the level of 72.3, maintaining its strong course. In this period. In March, the business volume sub-index in the services sector increased by 6.1 points compared to the previous month and rose to the level of 50.1, and entered an upward trend again after a 4-month hiatus. Parallel to the positive outlook in the business volume, the employment sub-index increased by 3.4 points compared to the previous month and stood at 52.3, pointing to a recovery in the demand for labor in the sector. While the final goods stock sub-index increased by 1.5 points compared to the previous month and remained at 47.7 points, the supplier delivery time sub-index increased by 0.3 points to 52.4, maintaining its positive outlook. As a result of these developments, the Service Sector SAMEKS Index, which rose by 1.8 points to 54.8, maintained its positive outlook, which started in January, in this period as well.

COMMENT:

Seasonally and calendar adjusted SAMEKS Composite Index continued to rise in March after January and February, giving positive signals for growth rates in the first quarter of the year. The fact that the business volume of the service sector, which increased in October last year, was again above the reference value of 50 in this period, drew attention as a positive development, while the industrial sector continued to increase despite its loss. gained momentum compared to the previous month. Thus, SAMEKS pointed to the vibrant outlook of economic activity with an average of 52.8 points in the first quarter.

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