Results of exporters' tendency research announced

Buyukeksi said that 30 percent of the companies, which participated in the research, entered new export markets in the second quarter.

Results of exporters' tendency research announced

Turkish Exporters' Assembly (TIM) Chairman Mehmet Buyukeksi announced on Thursday the results of exporters' tendency research for the second quarter of 2011.

He said that production of the companies participating in the research increased 61.6 percent, exports rose 52.9 percent, capacity utilization rate rose 45.1 percent and input cost increased 77.7 percent in the second quarter of 2011 when compared to the same period of 2010.

The research covers April-June period (second quarter) of 2011.

Buyukeksi said that 30 percent of the companies, which participated in the research, entered new export markets in the second quarter. He added that 64.7 percent of exporters were planning to enter the EU markets, 53.8 percent to Middle Eastern markets and 40.5 percent to African markets for the first time in the third quarter of 2011.

He said that nearly 40 percent of the companies in the research increased their employment in April-June period, while four of each ten companies were envisioned to increase their number of personnel by the end of year.

Buyukeksi said that 44.7 percent of the companies did not make any investments in Turkey, while 35.5 percent of the companies invested in modernization and 29.9 percent invested in rising the capacity in the second quarter of 2011.

42.7 percent of the companies expects Turkish economy to be better, while 43.2 percent thinks Turkish economy will not change and 14.1 percent thinks the economy will be worse, said Buyukeksi.

Regarding the expectations about European economy, 53.8 percent thinks it would be worse, while pessimistic expectation for global economy is 39.7 percent, added Buyukeksi.

He said that the main problems of companies were foreign exchange currency (58.2 percent), energy costs (57.7 percent), prices of raw material and intermediate goods (53.5 percent), tax costs (47.3 percent) and finance costs (43.6 percent).

Buyukeksi said that the exporter companies wanted the government to focus on taking measures against current account deficit (16.7 percent), an economic program based on production and export (16.5 percent), recovery of export incentives (15 percent), increasing employment (11.4 percent), and tax reform ( nine percent).

Buyukeksi said that economic crises in Europe would not affect Turkey's 500 billion USD of export target for 2023.

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Last Mod: 18 Ağustos 2011, 16:31
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