Kazakhstan's manufacturing remained under pressure in May, PMI data shows
22 hours ago
Turkish residents’ total FX deposits with local lenders declined by 2% w/w to $163.75bn as of May 4 from $167.2bn as of April 27, according to central bank data released on May 10.
Residents’ FX deposits stood at $168.9bn as of March 2 and at $165.3bn as of end-2017.
The central bank data also showed that total FX deposits with Turkish banks declined to $201bn as of May 4 from $203.8bn as of April 27.
Total FX deposits stood at $201.1bn at end-2017.
The central bank also announced on May 10 in a separate data release that Turkish equities experienced a net outflow of $51mn in the week ending May 4. That came on top of the $389mn outflow seen in April.
Total outflows from the Istanbul stock exchange have amounted to $861mn since the beginning of 2018. The bourse's total equities inflow in 2017 topped $3.34bn, in line with the scope of portfolio inflows recorded for the emerging markets universe. The Istanbul bourse consequently saw many all-time highs last year.
The benchmark BIST-100 index was up 1.59% d/d to 102,381 at the close on May 10. The index stood at 115,333 at the end of 2017.
The latest central bank data on Turkish government debt securities, meanwhile, also showed an outflow, amounting to $30mn in the week to May 4.
Total inflows into government debt instruments have amounted to $1.3bn to date this year. There was an overall inflow of $7.13bn into debt securities in 2017.
Don’t just follow the news—understand it.
The IntelliNews PRO service includes access to reports, exclusive market data, and more news that decision-makers care about. Stay ahead of the market with IntelliNews PRO.
Sign Up NowRelated Content
Data
Kazakhstan's manufacturing remained under pressure in May, PMI data shows
New orders decrease slightly. Record reductions in backlogs and stocks of finished goods.
Near-stabilisation of business conditions in Turkish manufacturing recorded by May PMI
Index at highest since March 2024. However, “safety stock building amid disruption caused by war in Middle East” was a factor.
Weaker investment and consumption hold back Polish GDP expansion in Q1
Poland's GDP grew 3.5% y/y in the first quarter, as household consumption and investment both weakened.
Turkey releases official 1Q GDP growth at 2.5% y/y
The civil servants of economic management tend to release a lower figure in the initial digestion, before revising it up in following releases.
