Data
Turkish retail, service industries show June confidence fall, construction mood rises
Seasonally-adjusted sentiment in Turkey's service and retail industries deteriorated in June but construction industry confidence improved in the month.
Turkey’s home sales growth falls to 2% y/y in May
Home sales in Turkey rose by 2% y/y to 116,558 units in May, following April's 8% y/y growth.
Turkey's business confidence index hits 3-year high of 112.4 in June
Turkey’s business confidence index rose 3% m/m to 112.4 in June, the highest level seen since May 2014’s 113.5.
Turkey’s manufacturing CUR reaches 9-year high of 79% in June
The capacity utilisation rate (CUR) of Turkey's manufacturing sector rose further to 79% in June, the highest figure recorded since August 2008’s 81.9%.
Turkish consumer confidence index falls sharply in June
Turkey's consumer confidence index deteriorated by 3.8% m/m to the level of 70 in June, the lowest recorded since March’s 67.8.
Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
UN projections show populations will fall in every East European country this century, with Moldova’s set to contract by more than 51%.
Borsa Istanbul attracts $252mn inflows in week to June 16
Turkish equities experienced an inflow of $252mn in the week ending June 16 as the benchmark BIST-100 tested a new record high of 100,001 on June 13.
Turkish gov't's annual debt stock grows 15% y/y in May
The gross debt stock of Turkey's central government rose 15% y/y to stand at TRY806bn (€204bn) as of the end of May.
Polish retail sales growth accelerates to 7.4% y/y in May
The result shows that consumption, pushed by the tightening labour market, continues to be a major driver of economic growth.
Polish industrial production growth rebounds to 9.1% y/y in May
The reading confirms analysts’ conviction that the April fall was a one-off and that the underlying trend in industry is one of strong growth.
Foreign investors held 37.5% of Croatia’s general government gross debt stock in 2016
Croatia is no longer subject to an excessive deficit procedure due to improvements in its budget metrics. The EC projects government debt will decline further to 79.4% of GDP in 2018, backed by strong nominal GDP growth.
Borsa Istanbul mulls shaving two digits from BIST-100 index
Borsa Istanbul mulls slicing two digits from its benchmark BIST-100 index, psychological ploy to drive buying under discussion with market participants.
Sino-Russia trade on course to hit $200bn in 2020
Trade turnover between Russia and China is on course to reach $80bn in 2017, but progress has not been steady and the partners will have to work hard to hit the new target of $200bn by 2020.
Russia has not touched its reserves funds this year, but it will
Higher than expected oil prices meant Russia did not have to touch its reserve funds so far in 2017 to prop up budget spending. But the finance ministry says it will have to dip into them in the second half of 2017.
Turnover in Turkish construction sector rises 5.3% y/y in Q1
The Turkish construction sector's calendar-adjusted turnover index rose 5.3% y/y in Q1 after growing 11.4% y/y in Q4 2017.
Croatia’s annual CPI inflation falls to 1.1% in May
Consumer prices started to increase y/y in December 2016, peaking at 1.4% in April.
Istanbul stock exchange makes further gains despite $168mn outflows
Turkish equities experienced an outflow of $168mn in the week ending June 9, but the main index edges up.
Turkey’s short-term external debt rises 3% m/m in April
Turkey’s short-term external debt stock rose by 3% m/m to $105.3bn at end-April from $102.2bn at end-March.
Turkey’s budget surplus expands 74% y/y in May
Turkey’s central government budget surplus rose 74% y/y to TRY6.39bn (€1.63bn) in May from TRY3.66bn a year ago.
Turkish unemployment rate still on recovery path, falls to 11.7% in March
Turkey's unemployment rate fell further to 11.7% in March, the lowest level posted since last October.