BY BADER ARSLAN The consumer confidence index decreased to 63.4 in June, indicating that consumers’ trust in the economy in Turkey has never been this low. The consumer confidence index has experienced two major breakdowns in recent years: the first in the fall of 2018 and the second in the fall of 2021. The index,...
Author: Bader Arslan (Bader Arslan)
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High winds abroad
BY BADER ARSLAN The winds are blowing in the new direction in the world. The global climate, which was moderately negative a few weeks ago, started to cool suddenly due to the fear of a new recession. The U.S. dollar appreciated against almost everything. In addition to developed country currencies, such as the euro, pound,...
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Investment dimension of growth
BY BADER ARSLAN One of the striking points in the growth data announced last week was the decline in construction investments and the growth of more than 10% in machinery investments. While the economy continues on its usual course, we see that consumption and investment growth are close to each other. However, from time to...
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Reasons for the price rise in food
BY BADER ARSLAN In a normal economic agenda, agricultural data does not attract much attention because it does not direct the markets. However, recently, increasing prices across the country have naturally attracted attention as they affects all socio-economic groups. Last week, TurkStat announced the agricultural input price index for March. This index measures the extent...
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Home, sweet home!
BY BADER ARSLAN In April, 133,508 houses were sold throughout Turkey, according to the data released last week. About 36,000 of them were new residences and 96,000 of them were second-hand residences. The picture of the housing market tells us the following: >> The share of new house sales in total sales continues to decline....
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Drawbacks of the current deficit target
BY BADER ARSLAN INCOME DISTRIBUTION IMPROVED IN 2021 The 2021 results of the Income and Living Conditions Survey, which was announced by the Turkish Statistical Institute (TurkStat) at the beginning of May, showed interesting results but did not receive enough attention. The research shows that income distribution in Turkey improved in 2021 compared to the...
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Producer confidence can’t stay high with such a dip in consumer confidence
BY BADER ARSLAN One of the most striking pieces of data to be released in the last week was the consumer confidence index. The index fell to its lowest level ever with 67.3 points. (See graph: Consumer confidence index) Consumer confidence has been extremely weak in the past year. The index has displayed its lowest...
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Meaningful support to export investments
Despite high price increases and the growing current account deficit, the Turkish economy is ending a quarter in which exports contributed significantly to industrial production and growth. Yes, a significant part of the first quarter performance, which exceeded 20 percent for exports, is due to global price increases and the growth of target markets. However,...
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Meaningful support to export investments
BY BADER ARSLAN Despite high price increases and the growing current account deficit, the Turkish economy is ending a quarter in which exports contributed significantly to industrial production and growth. Yes, a significant part of the first quarter performance, which exceeded 20 percent for exports, is due to global price increases and the growth of...
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The gap between interest rate and inflation continues to widen
BY BADER ARSLAN RECORD IN EXPORTS AND IMPORTS Turkey’s exports increased by 19.8% in March to USD 22.7bn, according to provisional data announced by the Ministry of Commerce. Imports increased by 31%, data showed. Both exports and imports reached their highest levels ever. These data closed out the first quarter of the year. The three-month...
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