Turkey

Turkish retail, service industries show June confidence fall, construction mood rises

bne IntelliNews June 23, 2017

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

bne IntelliNews June 23, 2017

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

bne IntelliNews June 23, 2017

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

bne IntelliNews June 23, 2017

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

bne IntelliNews June 23, 2017

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.

ISTANBUL BLOG: Will Kilicdaroglu’s long march unite Turkey’s opposition?

bne IntelliNews June 22, 2017

President Erdogan's referendum flop has given the CHP leader an opportunity, but he will struggle to create a united front including nationalists, Kurds, and socialists.

Turkish PM issues 'final' ultimatum to banks to cut rates

bne IntelliNews June 22, 2017

Turkish Prime Minister Binali Yildirim said the government will "take measures" if lenders refuse to ease interest rates.

Borsa Istanbul attracts $252mn inflows in week to June 16

bne IntelliNews June 22, 2017

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

bne IntelliNews June 21, 2017

The gross debt stock of Turkey's central government rose 15% y/y to stand at TRY806bn (€204bn) as of the end of May.

Borsa Istanbul mulls shaving two digits from BIST-100 index

bne IntelliNews June 20, 2017

Borsa Istanbul mulls slicing two digits from its benchmark BIST-100 index, psychological ploy to drive buying under discussion with market participants.

ISTANBUL BLOG: Better than expected Turkish growth raises concerns

bne IntelliNews June 19, 2017

The 5% growth in the first quarter was built on government spending and a consumer credit boom, which analysts fear could store up problems for the future.

Russia’s Rosatom selling 49% in $20bn Akkuyu nuclear project to Turks

bne IntelliNews June 19, 2017

Russian state atomic energy corporation set to sign preliminary deal to sell stake in nuclear project Turkey badly needs to cut costs of imported energy.

Turnover in Turkish construction sector rises 5.3% y/y in Q1

bne IntelliNews June 19, 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.

Erdogan slams Washington brawl arrest warrants for security guards

bne IntelliNews June 16, 2017

Turkish president says Ankara will fight legally and politically against decision, US says move sends a clear message.

Istanbul stock exchange makes further gains despite $168mn outflows

bne IntelliNews June 15, 2017

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

bne IntelliNews June 15, 2017

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

bne IntelliNews June 15, 2017

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

bne IntelliNews June 15, 2017

Turkey's unemployment rate fell further to 11.7% in March, the lowest level posted since last October.

Turkish central bank keeps policy rates on hold as anticipated

bne IntelliNews June 15, 2017

Turkey’s central bank on June 15 kept its policy rates on hold in line with expectations.

Turkish opposition leader sets out on 425km "justice march" for jailed MP

bne IntelliNews June 15, 2017

Thousands gather at Ankara start of Kemal Kilicdaroglu's walk to Istanbul prison to challenge spying conviction of Enis Berberoglu.

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