KONYA PROVINCIAL ECONOMIC INDICATORS – JUNE 2025
The "Konya Province Economic Indicators," conducted in collaboration with the Konya Chamber of Commerce and TEPAV, provide a monthly sectoral analysis of the Konya economy. The study consists of five separate bulletins: the Retail Confidence Index, the Service Sector Confidence Index, the Construction Sector Confidence Index, the Employment Monitoring Bulletin, and the Foreign Trade Bulletin. The survey includes 300 companies in the retail sector, 300 in the services sector, and 200 in the construction sector.
Retail confidence increases month-over-month but decreases year-over-year
In May 2025, the TEPAV Retail Confidence Index (TEPE) received a value of 10.0 points, while the KOPE received a value of 0.7 points. Compared to the same period last year, the KOPE decreased by 0.8 points and the TEPE increased by 22.5 points. Compared to the previous month, the KOPE increased by 3.7 points, and the TEPE by 2.3 points. While Konya's retail performance is more negative than in Turkey overall and more positive than in the EU-27, the monthly increase in the KOPE was driven by a 10.3-point improvement in the business development indicator over the past three months and a 6.0-point improvement in the sales expectations indicator for the next three months. Conversely, a 5.0-point change in the current inventory level above normal has a negative impact on the index.
Retail confidence increased the most in the "furniture, lighting equipment and household products" sector in May
When examining the retail sector in Konya by sub-sector, above-average changes were seen in the "furniture, lighting equipment, and household products," "motor vehicles," "textiles, ready-made clothing, and footwear," and "food, beverages, and tobacco products" sectors in May compared to the same period last year, while below-average changes were seen in the "electrical appliances, radios, and televisions," "others (gas stations, pharmacies, perfumeries, hardware stores, glassware, stationery, etc.)," and "grocery stores, markets, and department stores selling more than one type of product." The "grocery stores, markets, and department stores selling more than one type of product" sector saw a 10.4 percentage point contraction.
The Services Sector Confidence Index increased in Konya compared to last year but decreased nationwide.
In May, the Konya Services Sector Confidence Index increased by 9 points compared to last year and by 5.6 points compared to the previous month, reaching a value of 1.4. The Services Sector Confidence Index, representing Turkey as a whole, increased by 4.8 points compared to the previous month and decreased by 6.7 points compared to the previous year, reaching a value of 15.8. The Services Sector Confidence Index, representing the EU-27, decreased by 4.7 points compared to the same period last year and increased by 1.6 points compared to the previous month, reaching a value of 5.3.
The number of companies reporting insufficient demand as a constraint on their activities is declining
Comparing the assessments of companies in the service sector in Konya regarding the factors that constrain their activities compared to last year, a decrease was observed in sectors excluding other factors. Of the companies that participated in the May assessment survey, 16.3 percent cited financial constraints, 14 percent cited insufficient demand, 1 percent cited labour shortages, and 62 percent cited other factors as constraining their activities. The percentage of those reporting no constraint on their activities was 5.3 percent.
The Construction Sector Confidence Index decreases in Konya compared to last year, while it increases in Turkey
In May 2025, the construction sector confidence index representing Turkey as a whole was -8.2 points, and the confidence index representing the EU-27 was -2.6 points. In May, compared to the previous month, the construction sector confidence index increased in Turkey and the EU-27, but decreased in Konya. The indices have been negative across Turkey since July 2020 and in Konya since September 2021, indicating a predominance of pessimistic sentiment. However, they have been negative in the EU-27 since October 2022 (except for May 2023).
Annual Increase in the Number of Registered Employees in Konya in March: 1.1%
According to March registered employment statistics published by the Social Security Institution (SGK), the total number of insured employees in Konya, including those paid Social Security Support Premiums (SGDP), increased by 6,638 (1.1 percent) compared to the same month last year, reaching 601,631, but decreased by 2,725 (0.5 percent) compared to the previous month. The annual rate of change for Turkey in the relevant period was 0.5 percent, with the total number of insured employees increasing by 22,171 compared to the previous month, reaching 24,986,873. An examination of the employment class in Konya reveals a decrease in employment across all employee groups compared to the previous month. In March, compared to the previous month, there was a decrease of 0.6 percent in insured wage employment, 0.7 percent in registered farmer employment, 0.1 percent in public employee employment, and 0.1 percent in registered tradesmen group. Meanwhile, the number of businesses operating in Konya, which ranks 7th in Turkey, increased by 3.2 percent compared to March 2024, reaching 56,225. During this period, female employment increased by 4.6 percent to 99,850, and their share of total employment rose from 24.2 percent to 25.0 percent.
Konya's Imports from Romania Increases 21-Times Compared to the Same Month Last Year
According to Foreign Trade Statistics published by the Turkish Statistical Institute (TurkStat) using the Special Trade System, Konya's exports totalled $265.5 million, and imports totalled $150.3 million in April 2025. Annualized data shows a foreign trade surplus of $1.9 billion, with an export-to-import ratio of 224 percent. Meanwhile, across Turkey, as of April 2025, annual export revenues covered 72.3 percent of import expenditures, while the foreign trade deficit reached $90.4 billion.
The "Weapons and ammunition, parts and accessories thereof" sector, which ranked fourth with a 5.1 percent share in exports in April 2025, reached $13.6 million this year (a 40.9 percent increase), up from $9.7 million in the same month last year. Meanwhile, the "Aluminium and articles thereof" sector, which ranked among the top 10 sectors during this period and accounted for a 3.4 percent share of total exports, saw the fastest contraction at 29.3 percent.
When looking at Konya's export figures by country, Algeria saw the largest increase in exports in April. Konya's exports to Algeria increased by 68.7 percent compared to the same month last year, reaching $7.5 million, and its share in the total rose to 2.8 percent. Additionally, exports to the United Kingdom increased by 38.4 percent compared to the same month of the previous year, while exports to Poland, France, and Azerbaijan also saw increases of over 30 percent. Meanwhile, exports to Russia decreased by 36.9 percent during this period, followed by Iraq.
