Unemployment in Turkey
Turkey - UnemploymentThe economy likely lost momentum in Q2 on tighter credit conditions, as overheating concerns swirl. Industrial production growth in April and May was down notably from Q1’s stellar print, while the expansion in retail sales slowed markedly in May and the manufacturing PMI was in negative territory throughout Q2. Heading into the third quarter, business sentiment withered in July on lower optimism regarding current orders, general business conditions and employment. Economic imbalances furthermore continue to intensify: Inflation in June was triple the Central Bank’s target, while the current account deficit broadened further in May. Against this backdrop, President Erdogan announced his cabinet on 9 July. His son-in-law Berat Albayrak, the former energy minister, will head the new treasury and finance ministry. He effectively replaces Mehmet Simsek and Naci Agbal, two business-friendly ministers, adding to market concerns over the direction of economic policy.
Turkey - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Turkey Unemployment Chart
Source: Statistical Institute.
|Bond Yield||20.59||-0.09 %||Aug 15|
|Exchange Rate||5.99||-0.85 %||Aug 15|
|Stock Market||90,263||1.41 %||Aug 15|
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August 11, 2018
The current account balance recorded a USD 3.0 billion deficit in June, USD 0.8 billion smaller than the deficit recorded in June 2017.
August 3, 2018
Consumer prices rose 0.55% from the previous month in July, down from June’s 2.61% rise, according to data released by the Turkish Statistical Institute (Turkstat).
August 1, 2018
The Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, rose slightly from 46.8 in June to 49.0 in July.
July 26, 2018
On 9 July President Erdogan announced his cabinet, which is a mixture of loyalists and ministers drawn from the private sector.
July 25, 2018
The Real Sector Confidence Index published by the Central Bank fell from 114.6 in June to 112.7 in July, marking the fourth consecutive monthly decline.