End-year inflation expectations rose, for a second consecutive month, to 7.29% y/y in April from 6.98% y/y in March, the Central Bank said on April 17.
Participants of the Central Bank’s monthly expectations survey also revised up their 12-month ahead inflation expectations from 6.78% to 6.91%. Consumer prices are expected to increase 0.85% m/m in April, higher than the previous month’s estimate of 0.73% for April.
GDP growth expectations for 2015 were cut to 3.1% in April from a previous 3.3%. The country’s current account deficit is expected to be $37.9bn at the end of 2015 whereas the previous estimate was $39.4bn.
Central Bank Expectations Survey | |||||||
Oct | Nov | Dec | Jan | Feb | Mar | Apr | |
End-Year Inflation (%) | 9.16 | 9.22 | 9.02 | 6.82 | 6.77 | 6.98 | 7.29 |
12-Month Ahead Inflation (%) | 7.54 | 7.50 | 7.21 | 6.81 | 6.69 | 6.78 | 6.91 |
End-Year Current Account Deficit ($ bn) | -47.8 | -46.7 | -44.6 | -41.4 | -40.3 | -39.4 | -37.9 |
End-Year GDP Growth (%) | 3.2 | 3.2 | 3.0 | 3.4 | 3.5 | 3.3 | 3.1 |
Source: tcmb |
Turkey upped its steel exports by 27.6% y/y in 2024 to 13.4mn tonnes, according to the Turkish Steel Association (TCUD). Growth was driven by shipments to the European Union (5.9mn tonnes, up ... more
Turkish Petroleum Offshore Technology Centre AS (TP-OTC) has contracted international offshore service provider Subsea7 to provide inspection, repair and maintenance (IRM) services at the Sakarya ... more
Turkish socks manufacturing company Bonysocks plans to invest $50mn to build a new factory in Egypt, Al Ahram reported on January 12 citing the Turkish Ambassador in Cairo, Salih Mutlu Şen. ... ... more