Exports in Turkey
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
|Exports (annual variation in %)||-0.1||4.4||-11.0||-1.2||11.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||14.82||-0.09 %||Feb 21|
|Exchange Rate||5.32||-0.85 %||Feb 21|
|Stock Market||112,494||1.41 %||Feb 21|
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February 22, 2019
The Real Sector Confidence Index published by the Central Bank increased from 93.0 in January to 97.2 in February, the second consecutive monthly improvement.
February 20, 2019
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, worsened from 58.2 in January to 57.8 in February.
February 14, 2019
The current account balance recorded a USD 1.4 billion deficit in December, contrasting November’s revised USD 1.1 billion surplus (previously reported: USD 1.0 billion surplus) but down from the USD 7.8 billion deficit recorded in the same month a year prior.
February 4, 2019
Consumer prices rose 1.06% from the previous month in January, contrasting December’s 0.11% decline, according to data released by the Turkish Statistical Institute (Turkstat).
February 1, 2019
The Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, was stable at 44.2 in January.