Real Sector Confidence “Pessimistic” First Time Since Dec. 2012

- Real sector confidence index dropped under the 100 level at 99.1 in Sep, pointing to a pessimistic outlook in economic activities, for the first time since Dec. 2012.

When the index is over 100, it indicates an optimistic outlook, and when the index falls below 100, a pessimistic outlook to the economic activity by the real sector agents.

According to data released by Central Bank on Sept. 28, the index showed a drop by 4.6 points against the previous month.

Meanwhile, seasonally adjusted real sector confidence index fell by 3.3 points to 99.3 against the previous month, in Sep.

The real sector confidence index has remained over 100 level during 2013 and 2014, and lastly, has declined to 97.9 level in December 2012.

With respect to the index, polls show the 6.0 percent among professionals in the industry sector has voted for an “optimistic” outlook regarding the general situation, against the last month. Meanwhile, the polls showed the rate of professionals that have mentioned a stable outlook dropped to 61.6 percent, while the rate pointing to a pessimistic outlook rose to 32.4 percent.