MNI: UK SEP CONSTRUCTION PMI 57.2 (FCST 53.1); AUG 53.6

MNI: EUROZONE SEP CONSTRUCTION PMI 42.1; AUG 41.4

MNI BRIEF: Japan's PM To Compile Stimulus Measures Swiftly

MNI NBP WATCH: Rates Held As Energy, Wages Push Up Prices

MNI BRIEF: NBP Keeps Key Interest rates unchanged

MNI BRIEF: Turkish Inflation Expectations Ease As CBRT Holds

MNI: FRANCE AUG INDUSTRIAL PRODUCTION +1.4% M/M, +0.5% Y/Y

SWISS SA UNEMPLOYMENT RATE 2.6 (AUG 2.5, FCAST 2.6)

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.046T IN WEEK

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

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

TURKEY: Trade Deficit Narrows to $4.99bn in August

TURKEY
EM BulletBulletGlobalEmerging Market NewsRegion
  • Turkey’s trade deficit narrowed to $4.992bn in August (Est: -$4.90bn) from a revised -$7.319bn in July, according to the Turkish Statistical Institute, marking the narrowest deficit recorded since October 2021. Exports rose 2.3% y/y while imports fell 10.7% y/y.
  • Meanwhile, Turkey’s economic confidence rose to 94.984 in September from 93.122 in August, the first improvement for the series since March.
  • The central bank has tweaked the maximum interest on credit cards based on the amount of debt, according to decision published in the Official Gazette. It also capped the maximum interest rate at 3.11% for restructuring personal credit card debt.
  • Looking ahead to next week, CPI data for September highlights the local slate (Est: +48.27% Y/Y; Prior: +51.97%).
115 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 trade deficit narrowed to $4.992bn in August (Est: -$4.90bn) from a revised -$7.319bn in July, according to the Turkish Statistical Institute, marking the narrowest deficit recorded since October 2021. Exports rose 2.3% y/y while imports fell 10.7% y/y.
  • Meanwhile, Turkey’s economic confidence rose to 94.984 in September from 93.122 in August, the first improvement for the series since March.
  • The central bank has tweaked the maximum interest on credit cards based on the amount of debt, according to decision published in the Official Gazette. It also capped the maximum interest rate at 3.11% for restructuring personal credit card debt.
  • Looking ahead to next week, CPI data for September highlights the local slate (Est: +48.27% Y/Y; Prior: +51.97%).