MNI BOK WATCH: More Evidence Needed To Cut Rates, Says Rhee

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

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

MNI: PBOC Sets Yuan Parity Lower At 7.1339 Thurs; -1.06% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1339 THURS VS 7.1342

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.50%

Activity data stronger-than-expected; little impact on near-term monpol

MNI: GERMANY JUNE FINAL HICP +2.5 % M/M, +0.2% Y/Y

MNI: GERMAN JUN CPI +2.2 % Y/Y

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

Manufacturing Confidence Moderates to 105.4 in May

TURKEY
BulletEM BulletEmerging Market NewsHomepage
  • President Erdogan has emphasised his administration’s commitment to achieving a lasting reduction in inflation, Hurriyet report. "The main priority of our economic program is to increase the welfare of our nation by reducing inflation to single digits," Erdogan said during an event on Saturday. "We will enter a disinflation period starting from the second half of the year. Market expectations also strongly support our predictions," he stated. Erdogan assured that no additional inflationary pressures would be introduced through fiscal policy.
  • Turkey's manufacturing confidence fell to 105.4 in May from 106.1 in April, according to the Central Bank of Turkey. Adjusted manufacturing confidence fell to 102.4 from 103.5 while capacity utilisation fell to 76.3% from 76.7%.
  • Looking ahead, GDP data for Q1 provides the highlight of the week on Friday. On a sequential and seasonally adjusted basis, GDP growth is expected to rise from 1.0% q/q in Q4 to 1.6% in Q1 and from 4.0% y/y to 5.8% in annual terms. High frequency indicators such as industrial production and retail sales have hinted at a momentum gain in economic activity.
177 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.
  • President Erdogan has emphasised his administration’s commitment to achieving a lasting reduction in inflation, Hurriyet report. "The main priority of our economic program is to increase the welfare of our nation by reducing inflation to single digits," Erdogan said during an event on Saturday. "We will enter a disinflation period starting from the second half of the year. Market expectations also strongly support our predictions," he stated. Erdogan assured that no additional inflationary pressures would be introduced through fiscal policy.
  • Turkey's manufacturing confidence fell to 105.4 in May from 106.1 in April, according to the Central Bank of Turkey. Adjusted manufacturing confidence fell to 102.4 from 103.5 while capacity utilisation fell to 76.3% from 76.7%.
  • Looking ahead, GDP data for Q1 provides the highlight of the week on Friday. On a sequential and seasonally adjusted basis, GDP growth is expected to rise from 1.0% q/q in Q4 to 1.6% in Q1 and from 4.0% y/y to 5.8% in annual terms. High frequency indicators such as industrial production and retail sales have hinted at a momentum gain in economic activity.