Export demand has approached the long-term average level due to improvements in inflation expectations. According to the Export Market Monitor (EMM) results for September by the Turkish Exporters Assembly (TIM), the Export Demand Index rose to 100 and the Market Resilience Index to 99.6. TIM shared the September results of the Export Market Monitor, which tracks the demand created by conditions in important markets and demand and risks in the global economy. Accordingly, there was an increase in both indexes compared to the previous month in September, but a decrease on an annual basis. Tracking demand conditions for exported products through the markets where exports are made, using key macroeconomic indicators and leading macroeconomic indicators, the Export Demand Index in September increased by 0.2% from the previous month and decreased by 0.3% from the same period last year, reaching 100, the long-term reference value. Despite significant improvements in inflation expectations, particularly consumer confidence and the decline in industrial production in September, the demand index reached the long-term average level. However, negative impacts on investment appetite from consumer confidence and declining industrial production continued to put pressure on the improvement in the index. The Market Resilience Index, which measures the resistance of export markets to risks using long and short-term social, economic, and political indicators, showed a 0.2% increase compared to the previous month in September and a 0.4% decrease from the same period last year, reaching 99.6 points. The partial improvement in the export demand index and global geopolitical risk index positively influenced the resilience of Turkey’s export markets, approaching the average level of the index.
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