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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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Free AccessCurrent Account Surplus Narrows More Than Expected in October
- Turkey’s current account surplus narrowed to $186m (Est: +$0.51bln) in October from a revised +$1.910b in September, according to the Central Bank of Turkey.
- Seasonally and calendar adjusted industrial production fell 0.4% m/m in October versus -0.1% in September, according to the Turkish Statistical Institute. The year-on-year figure rose 1.1% compared to a revised +4.1% the month prior.
- Meanwhile, Turkey’s adjusted unemployment rate fell to 8.5% in October from a revised 9% in September. The data marks the 4th consecutive month-on-month decline and the lowest recorded level in the adjusted data series.
- According to Ekonomi, the new monthly minimum wage is expected to be between TRY15900 and TRY18000.
- Parliament begins talks today for the 2024 Central Government Budget Bill. The General Assembly will work until Dec 24 in order to pass the budget law, Hurriyet write.
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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.