Türkiye's Real Sector Confidence Index Falls To 106.4 In June

Türkiye's real sector confidence index (RSCI) fell to 106.4 in June, according to data released by the Turkish Central Bank on Friday.

The figure is down 3 points from 109.4 in May, according to the central bank's Business Tendency Survey.

While an RSCI above 100 is an optimistic outlook for the economic activity by the real sector agents in the central bank's survey, below 100 indicates a pessimistic outlook.

The expectation for producer inflation rate over the next 12 months climbed to 80.9% in June, up 9.8 percentage points from 71.1% in May, according to the survey. The figure stood at 21.8% in June last year.

The opinion about the general course of a business in its respective industry plummeted to minus 20.6, from minus 12.8, on a monthly basis. -