Exports in Turkey

Turkey Exports (%) | Economic News & Forecasts

Turkey - Exports (percent change)

The economy has begun the new year in uninspiring fashion. In January, the manufacturing PMI remained mired in contractionary territory, with new orders, output and employment continuing to shrink. Moreover, both consumer and business sentiment stayed markedly pessimistic in the same month. This comes after a likely weak outturn in Q4, with consumer spending suffering on the back of high inflation and elevated interest rates, as evidenced by sharp contractions in retail sales in October and November. More positively, the pace of the decline in private-sector credit eased in December, while the external sector has recently seen a marked turnaround—underpinned by the weaker lira and soft domestic demand—as reflected by a fourth consecutive current account surplus in November. In January, the Central Bank announced it was bringing forward the payment of its dividend, which will boost government coffers ahead of the March local elections.

Turkey - Exports (%) Data

2013  2014  2015  2016  2017  
Exports (annual variation in %)-0.1  4.4  -11.0  -1.2  11.7  

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Turkey Facts

Bond Yield14.82-0.09 %Feb 21
Exchange Rate5.32-0.85 %Feb 21
Stock Market112,4941.41 %Feb 21

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