Russia's GDP was down 0.5% y/y in October, with a 0.7% y/y overall contraction in the first ten months of the year.
October GDP figures released by the economy ministry came slightly below Alfa Bank's expectations: "We had projected a 0.4% y/y contraction, while the actual figure dropped 0.5% y/y," the bank's analysts wrote. For 10M16, GDP declined 0.7% y/y, which reinforces Alfa Bank's -0.8% y/y GDP projection for 2016.
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.