UK GOODS TRADE BALANCE
National Statistics will announce February goods trade balance data. In January, the UK’s overall goods trade deficit, including non-EU countries, declined to USD 13.7bn from USD 19bn in December 2020.
EUROZONE ZEW SURVEY
The Leibniz Centre for European Economic Research (ZEW) will announce the April results of the ZEW economic sentiment survey. Economic sentiment in the Eurozone increased to 74 in April, up from 69.6 in February.
Federal Statistical Office of Germany will announce March consumer price index (CPI) data. Consumer prices in Germany increased by 0.7% in February compared to the previous month, while the annual inflation stood at 1.3%.
U.S. INDUSTRIAL PRODUCTION
Board of Governors of the Federal Reserve will announce the March industrial production data. Industrial production decreased by 2.2% in February.
National Bureau of Statistics of China will announce the Q1 gross domestic product (GDP) results. China’s economy grew by 2.3% in 2020.
Turkish Statistical Institute (TurkStat) will announce February labor force data. Unemployment decreased by 0.4 points to 12.2% in January.
BALANCE OF PAYMENTS
The Central Bank will announce February balance of payments data. The current account deficit decreased by USD 166m to USD 1.8bn in January.
The Turkish Statistical Institute (TurkStat) will announce February industrial production data. Industrial production increased by 1.3% and 11.4% in January on a monthly and annual basis, respectively.
CENTRAL BANK INTEREST RATE DECISION
The Central Bank will announce its new interest rate decision. The Bank increased the policy rate by 200 basis points to 19% in the previous meeting.
The Turkish Statistical Institute (TurkStat) will announce March house sales numbers. House sales decreased by 31.6% to 81,222 in February compared to the same month of the previous year.
CORONAVIRUS SCIENTIFIC ADVISORY MEETING
The Coronavirus Scientific Advisory Board will gather on Monday as the daily COVID-19 case numbers near 60,000. The board is expected to discuss the latest outlook regarding the pandemic and discuss the new road map in terms of restrictions. Fahrettin Koca, Minister of Health, will announce the decisions of the board. President Recep Tayyip Erdogan will announce whether there will be a full lockdown before Ramadan following the cabinet meeting.
Members of parliament will discuss the law proposal on raising the corporate income tax to 25% in 2021 and reducing it to 23% in 2022, as well as other economic regulations.
CHP CENTRAL EXECUTIVE BOARD MEETINGS
Republican People’s Party (CHP) Central Executive Board members are expected to gather on Tuesday with the participation of Kemal Kilicdaroglu, the president of CHP.
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