SAMEKS, which has been a leading indicator of the Turkish economy for a full 10 years as of the end of 2022, made a positive start to the first month of 2023.

In January 2023, the seasonally and calendar-adjusted SAMEKS Composite Index increased by 0.9 points compared to the previous month, reaching 54.3 points, maintaining its position above the reference value.

During this period, the Services SAMEKS Index, which increased by 0.5 points compared to the previous month, continued its upward trend with 54.3 points. The Industrial SAMEKS Index, which rose by 2.6 points compared to the previous month, to 55.2, also played a decisive role in the increase observed in the Composite Index. Thus, the uninterrupted monthly increase in the industrial sector reached its 18th month, while the services sector expanded for the fifth consecutive month.

Input purchases across the services sector continued their strong trend in January, and the increase in business volume gained momentum accordingly. The positive outlook in the industrial sector, reflecting the rapid increase in orders compared to the previous month, was evident.

As a result of these developments, the seasonally and calendar-adjusted SAMEKS Composite Index, which increased by 0.9 points compared to the previous month to 54.3, maintained its positive outlook for the previous year in January, indicating that the buoyancy in economic activity continued into the new year.

Commenting on the SAMEKS January 2023 data, MÜSİAD President Mahmut Asmalı said, “The SAMEKS Composite Index, which remained above the 50 reference value throughout 2022, increased by 0.9 points compared to the previous month, maintaining its positive trend in January 2023, reaching 54.3 points. SAMEKS, which indicates that economic activity is gaining momentum in the industrial and service sectors, instills confidence in the markets.”

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