SAMEKS AUGUST DATA ANNOUNCED

In August 2023, the SAMEKS Composite Index, adjusted for seasonal and calendar effects, lost momentum by 0.6 points compared to the previous month and continued its course just above the reference value with 50.3 points.

During this period, the Service Sector SAMEKS Index increased by 0.3 points compared to the previous month and rose to 51.8. The Industrial Sector SAMEKS Index lost 3.5 points compared to the previous month and stood at 46.5. Thus, the industrial sector showed a decrease compared to the previous month for the first time since February, when the disaster of the century took place.

As new orders in the industrial sector continued to lose momentum, the decrease in production compared to the previous month became evident. The positive outlook in the service sector was determined by the high level of input purchases, as in previous months. While employment signaled a decrease in both sectors in August compared to the previous month, delays were also observed in suppliers' delivery times.

As a result of these developments, the SAMEKS Composite Index, which stood at 50.3, indicated that the lively outlook for economic activity continued in August 2023. On the other hand, the index value in question attracted attention as the lowest in the last 6 months.