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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
- TURKEY JUN INDUSTRIAL PRODUCTION +1.3% M/M (FCST 0.0%); MAY +0.5% M/M
- TURKEY JUN INDUSTRIAL PRODUCTION +8.5% Y/Y (FCST +6.7%); MAY +9.0%r Y/Y
- TURKEY JUN RETAIL TRADE WDA +5.5% Y/Y; MAY +21.2%r Y/Y
- TURKEY AUG EXPECTED INFLATION NXT 12 MTH +41.99%; JUL +40.23%
- Turkey saw another strong expansion in industrial production in the June data, increasing by +1.3% m/m and +8.5% y/y, beating forecasts by 1.3pp m/m and 1.8pp y/y.
- The sub-sectors saw a strong 10.0% y/y increase in manufacturing, which accounts for the bulk of the headline print, whilst mining and quarrying recorded a -7.1% y/y contraction.
- Turkish IP has continued to expand since July 2020, despite raced with the challenges of factory-gate inflation soaring to +144.6% y/y in July and the lira experiencing a stark depreciation since the end of 2021.
- Both surging inflationary pressures and continued supply chain disruptions worsened by the Ukraine war could see output slow in the second half of the year.
Source: Turkstat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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