Turkey: Sectoral confidence up in March

             By Tuba Sahin</p>    <p>ANKARA (AA) - Confidence in Turkey's key sectors of services and construction improved while retail trade slightly went down in March compared to last month, the Turkish Statistical Institute (TurkStat) announced Monday.</p>    <p>Turkish construction sector confidence index reached to 54.1 this month, up 4.4 percent from February as overall order books and total employment expectation indices did better.</p>    <p>The services sector confidence index rose by 2.6 percent month-on-month to 81.6 in March thanks to improvement in business situation, demand-turnover and demand-turnover expectation indices.</p>    <p>The retail trade confidence index slightly fell by 0.1 percent during the same period to 90.7. </p>    <p>&quot;In retail trade sector; business activity-sales expectation index decreased by 3.9 percent. However, business activity-sales and current volume of stock indices increased by 4 percent and 0.2 percent, respectively …&quot; it said. </p>    <p>Sectoral confidence indices calculated from the monthly survey results are evaluated within the range of 0-200, according to the statistical office.</p>    <p>These indices indicate an optimistic outlook when the value is above 100, a pessimistic outlook when it is below 100.

Turkey: Industrial output falls in December 2018

By Tuba Sahin

ANKARA (AA) – Turkey's calendar-adjusted industrial production in December 2018 decreased 9.8 percent from the same month the previous year, the Turkish Statistical Institute (TurkStat) announced on Thursday.

Industrial output is considered a vital indicator for the economy as it is seen as a preliminary gauge for gross domestic product (GDP).

Among three main sub-indices, the manufacturing index saw the highest annual decline in the month, falling 10.8 percent from December 2017.

The mining and quarrying index, and electricity, gas, steam and air conditioning supply index fell by 2.1 percent and 1.2 percent year-on-year respectively.

The term "calendar-adjusted" is used to refer to data without calendar and holiday-originating effects.

Turkey: Total turnover improves in November

By Tuba Sahin

ANKARA (AA) – The Turkish economy saw an annual rise in the total turnover in November, the Turkish Statistical Institute (TurkStat) revealed on Tuesday.

The calendar adjusted total turnover index including industry, construction, trade and services sectors surged by 15.4 percent year-on-year in November, TurkStat said in a statement.

However, November's figure went down 4.6 percent on a monthly basis .

The calendar adjusted turnover index in industry posted the largest increase in November, up 23.2 percent compared to the same period in 2017. Indices in services and trade sectors followed with 22.7 percent and 11.6 percent, respectively.

The data showed that the calendar adjusted turnover index in construction decreased by 1.1 percent in November 2018, compared with the same month of the previous year.

The statistical institute defines the turnover as an important short-term indicator used to assess the country's economic situation.

"Turnover indices are calculated to follow the changes of this concept, which is composed of the sales of goods and services invoiced by the enterprise in the reference month over time, to monitor developments on a quarterly and yearly basis," TurkStat said.

All the enterprises which give value-added tax declarations to the country's Revenue Administration are included in the turnover index calculation, the institution added.

Turkey registers nearly 66,600 vehicles in November

                By Tuba Sahin </p>    <p>ANKARA (AA) - A total of 66,578 first- and second-hand vehicles were registered in November 2018, the country's statistics authority revealed on Friday.</p>    <p>The number of motor vehicle registrations in Turkey slipped 39 percent year-on-year in the month, according to the Turkish Statistical Institute (TurkStat).</p>    <p>Compared to the previous month, motor vehicle registrations surged by 74.7 percent in November.</p>    <p>The total number of road motor vehicles registered to the traffic surpassed 22.8 million by the end of November, TurkStat said.</p>    <p>Cars represented 54.2 percent, followed by small trucks 16.4 percent, motorcycles 14.1 percent, tractors 8.2 percent, trucks 3.7 percent, minibuses 2.1 percent, buses 1 percent and special purpose vehicles 0.3 percent.</p>    <p>In terms of distribution of model brands for new registered cars, 11.3 percent were Toyota, 10.6 percent both Volkswagen and Renault, and 9.3 percent Nissan.

Turkey's annual inflation slips in December

By Tuba Sahin

ANKARA (AA) – Consumer prices in Turkey increased 20.30 percent year-on-year in December 2018, the Turkish Statistical Institute (TurkStat) announced on Thursday.

December's figure was down 0.40 percent from 21.62 percent in November 2018.

The highest annual increase in December was seen in furnishing and household equipment, up 31.36 percent, and in miscellaneous goods and services prices, up 28.80 percent.

Turkey: Foreign trade deficit narrows 90 pct in Nov.

By Tuba Sahin

ANKARA (AA) – Turkey's foreign trade deficit in November narrowed by 90 percent year-on-year, Turkish Statistical Institute (TurkStat) reported on Monday.

The foreign trade gap in November totaled $651 million, down from $6.4 billion in the same month last year.

Turkish exports rose 9.4 percent to reach over $15.5 billion, while imports decreased 21.3 percent to $16.2 billion during the same period.

Thus, the exports-to-imports coverage ratio surged to 96 percent last month, up from 69 percent in November 2017.

UPDATE – Property sales in Turkey up nearly 20 pct

UPDATES WITH COMMENTS FROM ANALYST

By Tuba Sahin

ANKARA (AA) – The number of residential properties sold in Turkey soared 19.2 percent annually in October, the Turkish Statistical Institute (TurkStat) reported on Wednesday.

A total of 146,536 houses changed hands in October, up 15 percent compared to a month earlier.

The number of properties sold to foreigners jumped 134.2 percent year-on-year last month, TurkStat said.

Melih Tavukcuoglu, head of the Contractors’ Association on Istanbul's Asian side, called last month's rise in housing sales to foreigners "historic."

He said easing the requirements for foreigners to acquire Turkish citizenship had helped spur sales.

Under regulations that went into effect this September, foreigners who own real estate in Turkey worth a minimum $250,000 — down from $1 million — are eligible for Turkish citizenship.

Of the total sales, 6,276 houses were sold to foreigners, including 36 percent (or 2,283 units) in Istanbul, the country's largest city by population.

Following Istanbul, the Mediterranean holiday resort of Antalya came second with sales of 1,160 properties, while the northwestern province of Bursa ranked third with 448 units.

Official data showed that Iraqis topped the list of buyers in October with 1,439 properties, followed by Iranians with 557 units, Kuwaitis with 378, Germans with 341, and Russians with 336.

Tavukcuoglu added that the number of properties sold to Germans, British, and Swedes spiked sharply on an annual basis in October — up 222 percent, 131 percent, and 137 percent, respectively — thanks to the "recovery in tourism" this summer.

"We may sell 40,000 units to foreigners in 2018, this is a historic record for our country," he said.

Property sales in Turkey up nearly 20 pct

By Tuba Sahin

ANKARA (AA) – The number of residential properties sold in Turkey soared 19.2 percent annually in October, the Turkish Statistical Institute (TurkStat) reported on Wednesday.

A total of 146,536 houses changed hands in October, up 15 percent compared to a month earlier.

The number of properties sold to foreigners jumped 134.2 percent year-on-year last month, TurkStat said.

Of the total sales, 6,276 houses were sold to foreigners, including 36 percent (or 2,283 units) in Istanbul, the country's largest city by population.

Following Istanbul, the Mediterranean holiday resort of Antalya came second with sales of 1,160 properties, while the northwestern province of Bursa ranked third with 448 units.

Official data showed that Iraqis topped the list of buyers in October with 1,439 properties, followed by Iranians with 557 units, Kuwaitis with 378, Germans with 341, and Russians with 336.

UPDATE – Turkey: Unemployment rate at 11.1 pct in Aug.

UPDATE WITH MORE DETAILS

By Tuba Sahin

ANKARA (AA) – Turkey's unemployment rate stood at 11.1 percent in August, the country's statistical authority announced on Thursday.

The figure was up 0.5 percentage points compared to the same month a year earlier, according to the Turkish Statistical Institute (TurkStat).

The number of unemployed persons aged 15 years and over increased by 266,000 year-on-year to reach 3.67 million in August.

The non-agricultural unemployment rate also rose 0.4 percentage points to 13.2 percent during the same period.

The youth unemployment rate — persons aged between 15 and 24 — was 20.8 percent, indicating an increase of 0.2-percentage points on a yearly basis in August.

TurkStat said unemployment for the 15-64 age group went up 0.6 percentage points annually to 11.4 percent in August.

In August, the employment rate rose by 0.3 percentage points from the same month last year up to 48.3 percent.

"The number of employed persons rose by 490,000 to 29.3 million persons in August 2018 compared with the same period of last year," it said.

The labor force participation rate (LFPR) rose by 0.6 percentage points year-on-year to reach 54.3 percent in the month.

"LFPR for males was 74.1 percent with 0.6 percentage point increase and the rate for females was 34.9 percent with 0.6 percentage point increase compared with the same period of last year," TurkStat said.

The rate of unregistered employment — people working without social security related to their principal occupation — was 34 percent in July, marking a decrease of 1.1-percentage points from August 2017.

The institute will release its next unemployment report on Dec. 17.

Turkey: Unemployment rate at 11.1 pct in Aug.

By Tuba Sahin

ANKARA (AA) – Turkey's unemployment rate stood at 11.1 percent in August, the country's statistical authority announced on Thursday.

The figure was up 0.5 percentage points compared to the same month a year earlier, according to the Turkish Statistical Institute (TurkStat).

The number of unemployed persons aged 15 years and over increased by 266,000 year-on-year to reach 3.67 million in August.

The non-agricultural unemployment rate also rose 0.4 percentage points to 13.2 percent during the same period.

The youth unemployment rate — persons aged between 15 and 24 — was 20.8 percent, indicating an increase of 0.2-percentage points on a yearly basis in August.

TurkStat said unemployment for the 15-64 age group went up 0.6 percentage points annually to 11.4 percent in August.