US Employment Data Draws Attention As Weekly Closing Approaches… Turkish Statistical Institute (TURKSTAT) announced inflation data for January. According to TURKSTAT data, consumer prices increased by 6.65% and producer prices increased by 4.15% in January. On a monthly basis, CPI reached its highest level in the last 9 months. Compared to January of the previous […]

BOE and ECB Raised Interest Rates After FED… German exports amounted to 127.4 billion Euros in December, down 6.3 percent compared to the previous month. Imports, on the other hand, decreased by 6.1 percent in December compared to the previous month and became 117.4 billion Euros. The foreign trade balance gave a surplus of 10 […]

Eyes on FED’s Interest Rate Decision at 22:00 (GMT+3)… Turkey Manufacturing PMI (Purchasing Managers Index) for January 2023 exceeded the threshold value after a 10-month gap and rose to 50.1. According to the Istanbul Chamber of Industry (ISO) report, most of the sectors increased their production and orders in January. While the most positive developments […]

Euro Zone Economy Grows 1.9… TURKSTAT published Foreign Trade data for December. Foreign trade deficit increased by 42 percent compared to the same month of the previous year and rose to 9.7 billion dollars. Looking at the year 2022 in general, it increased by 137 percent and rose to 109.5 billion dollars. According to another […]

German Economy Shrinked… According to the January data of the Turkish Statistical Institute (TURKSTAT), the Economic Confidence Index increased by 1.3 percent to 99.3. Although the index remained below the 100 threshold, it reached its highest level in the last 1 year. If the Economic Confidence Index is greater than 100, it indicates optimism about […]

Inflation Expectations Decreased in the USA… Inflation Expectations Decreased in the USA… US Personal Consumption Expenses (PCE) were announced today at 16:30. On an annual basis, the core index came in at 4.4% as expected. The previous figure was 4.7%. Reduction in expenditures will be an important factor that will positively affect inflation. A data […]

US Economy Growth by 2.6%… CBRT Chairman Şahap Kavcıoğlu made statements regarding the inflation report published today. In the statement made, he stated that the inflation rate in 2023 will be between 17.8 percent and 26.9 percent at the end of the year with a 70 percent probability, and between 4.0 percent and 13.7 percent […]

ECB Member Makhlouf “Required Rate Increases” Today, the Capacity Utilization Rate in Turkey was announced as 75.3% with a 1.2% decrease. Manufacturing Confidence rose from 97.8 to 101.7. In its statement, the CBRT stated that in the evaluations for the last three months, the trend in favor of those who reported an increase in their […]

We Followed PMI Data in Global Markets… The Consumer Confidence Index for February, published by GFK in Germany, was announced as -33.9. Last month, it was announced as -37.6. Although Consumer Confidence continues its negative course, it continues on the path of recovery for 4 consecutive months. Manufacturing PMI for January, another important data we […]

ECB Members “At least 2 50-Point Interest Rate Increases Eligible” The Consumer Confidence Index for January, which we follow in Turkey today, rose from 75.6 to 79.1%. Apart from this data, the Financial Situation Index of the Household increased from 57.4 to 61.6 and the General Economic Situation Expectation Index rose from 77.3 to 82.7. […]