Turkey's export climate index announced at the highest level of the last 1 year

The export climate index, which was 52.6 in March, rose to 53.1 in April, indicating an improvement in the export climate.

A threshold value above 50.0 indicates an improvement in the export climate, while lower values indicate deterioration. The index values obtained in the first months of 2023 remained above the threshold three times in a row, maintaining the improvement in the export climate index.

In the world, the climate index was recorded as follows:

Germany was the largest export market for Turkey's manufacturing sector with a 9 percent share. Production growth for Germany also gained momentum and moved into the fastest period of the last year.

Similarly, the UK and the US also saw an increase in the rate of growth.

France, Italy and Spain recorded growth in April despite weak demand in Europe's manufacturing sector.

On the contrary, production declined in the Netherlands, Austria, Poland and the Czech Republic.

In the Middle East, the United Arab Emirates recorded a strong rebound in non-oil economic activity, pushing its growth rate to the highest level in the last 6 months. Likewise, Saudi Arabia and Qatar accelerated their activities in production areas.

Egypt and Lebanon, on the other hand, recorded relatively negative developments with a downward trend in production activities.

Output declined in South Africa and Kenya. In Nigeria, economic activity picked up as the cash crisis eased.