Increase in Demand in Export Markets

The Export Demand Index exceeded the 100 level in February with a 0.4% increase, surpassing the long-term average. The Turkish Exporters Assembly (TIM) shared the results of the Export Market Monitor for February, which tracks the conditions creating demand in important markets and the demand and risks in the global economy. The Export Demand Index, which monitors demand conditions for exported products through export markets using key macroeconomic indicators, showed no change in February on a monthly basis and increased by 0.4% compared to the same month last year, reaching 100.2 and exceeding the long-term average. Despite the decrease in unemployment, improvements in job security, industrial production, and inflation in February, the rise in consumer confidence brought the demand index to the long-term average. The TIM Resilience Index, which measures the resistance of export markets against risks by utilizing long and short-term social, economic, and political indicators, showed a 0.4% and 1.1% increase on a monthly and yearly basis in February, reaching 100.2. The limited decrease in global geopolitical risks and the export demand index hovering around its long-term average positively affected the resilience in export markets, bringing the index to the long-term average.