MNI BRIEF: Fed's Cook Very Attentive To Labor Risks

MNI China Daily Summary: Wednesday, July 10

MNI BRIEF: China To Investigate EU Trade Actions

MNI BRIEF: China June CPI Hits Three Month Low

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Japan May Machine Orders -3.2% M/M

MNI JAPAN MAY CORE MACHINE ORDERS -3.2% M/M; APRIL -2.9%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Industrial Production Falls 0.3% M/M, Unemployment Rate Moderates to 8.6%

TURKEY
BulletEM BulletEmerging Market NewsHomepage
  • Turkey's seasonally and calendar adjusted industrial production fell 0.3% m/m in March, according to the Turkish Statistical Institute. The year-on-year figure rose 4.3% - a substantial moderation compared to last month’s revised +11.2%.
  • Meanwhile, Turkey’s adjusted unemployment rate fell to 8.6% in March from 8.7% in February, matching the multi-year low printed in October 2023.
  • As a reminder, Bloomberg reported yesterday that Turkish officials are readying to announce a series of fiscal measures as early as Monday to cut public spending, according to people with knowledge of the matter. The government’s savings measures will include a review of expenditures, slow some public spending and reduce investments in some sectors, said the people who were briefed on the plans.
116 words

To read the full story

Close

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's seasonally and calendar adjusted industrial production fell 0.3% m/m in March, according to the Turkish Statistical Institute. The year-on-year figure rose 4.3% - a substantial moderation compared to last month’s revised +11.2%.
  • Meanwhile, Turkey’s adjusted unemployment rate fell to 8.6% in March from 8.7% in February, matching the multi-year low printed in October 2023.
  • As a reminder, Bloomberg reported yesterday that Turkish officials are readying to announce a series of fiscal measures as early as Monday to cut public spending, according to people with knowledge of the matter. The government’s savings measures will include a review of expenditures, slow some public spending and reduce investments in some sectors, said the people who were briefed on the plans.