Seasonally-adjusted sentiment in Turkey's service and retail industries deteriorated in June but construction industry confidence improved in the month.
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 rose 3% m/m to 112.4 in June, the highest level seen since May 2014’s 113.5.
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%.
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.
UN projections show populations will fall in every East European country this century, with Moldova’s set to contract by more than 51%.
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.
The gross debt stock of Turkey's central government rose 15% y/y to stand at TRY806bn (€204bn) as of the end of May.
The result shows that consumption, pushed by the tightening labour market, continues to be a major driver of economic growth.
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.
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 slicing two digits from its benchmark BIST-100 index, psychological ploy to drive buying under discussion with market participants.
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.
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.
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.
Consumer prices started to increase y/y in December 2016, peaking at 1.4% in April.
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 stock rose by 3% m/m to $105.3bn at end-April from $102.2bn at end-March.
Turkey’s central government budget surplus rose 74% y/y to TRY6.39bn (€1.63bn) in May from TRY3.66bn a year ago.
Turkey's unemployment rate fell further to 11.7% in March, the lowest level posted since last October.