Retail sales, in terms of the effect of the total demand in the economy on inflation, is one of the data that we can attach importance to this week. Retail sales excluding cars and gas may be under pressure in real terms as higher prices curb discretionary spending. On a...
In April, total industrial production increased by 1.1% and manufacturing output by 0.8%. Total industrial production in April was 6.4% higher than the previous year. Capacity utilization rose to 79%, 0.5 percentage points below its long-term (1972-2021) average and close to a 10-year high. If we look at the...
Fed and financial indicators… The necessity of tightening financial conditions in order to help the Fed to restore price stability is decisive, as it is also a dominant issue in the market. FOMC members appear to be highlighting signals that the committee will be more aggressive in tackling inflation. In this...
Developments after the FOMC… Although no new bands were added on the 50 bps guidance at the Fed’s last meeting, the trend revealed by the latest inflation indicators shows that hawkishness may still be valid in the extent of the tightening. What kind of analysis will be made in Powell’s WSJ...
Indian wheat export ban… Since the Russia-Ukraine war started, concerns about food supply security have come to the fore, and countries have announced protective measures. Most recently, India has announced that it has stopped exporting wheat. The reason for the decision is cited as the scorching heat wave cutting production and...
Coşkunöz Metal Form, Türk ürünlerinin yurtdışında markalaşması ve Türk malı imajının yerleştirilmesi amacıyla T.C. Ticaret Bakanlığı tarafından yürütülen, ilk ve tek devlet destekli markalaşma programı olan TURQUALITY® ana programına kabul edildi. Coşkunöz Metal Form Genel Müdürü Barış Murat Karaadak, “Pek çok itibarlı ve büyük markanın dahil olduğu ve süresiz devlet...
According to the April budget data announced by the Ministry of Treasury and Finance; The central government budget, which had a deficit of 69 billion TRY in March 2022, had a deficit of 50.2 billion lira (3.23 billion dollars) in April 2022. The budget had a deficit of 16.9 billion...
Halı ve zemin kaplamaları konusunda dünyanın sayılı fuarlarından Domotex Turkey, bu yıl 7. kez Gaziantep’te kapılarını ziyaretçilerine açtı. 14 ülkeden 216 firmanın katıldığı fuarda özel koleksiyonlarıyla yerini alan Royal Halı ürünlerine ilgi yüksekti. Bu yıl 7’ncisi düzenlenen Uluslararası Halı ve Zemin Kaplama Fuarı (Domotex Turkey), Gaziantep’te kapılarını ziyaretçilerine açtı....
In March, the current account balance in Turkey posted a deficit for the fifth month in a row as the global rally in energy prices worsened the foreign trade imbalance. The current account deficit, which was announced as $5.55 billion on a monthly basis, was in line with the market...
The economic activity data announced in China reveal the shocking effect of the curfews on the economy in April. Industrial production, which fell sharply to the 5% band in March, pointed to a 2.9% annual contraction in April, weaker than the already low expectations, while retail sales decreased by 11.1%...