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Ekonomi

Turkey: Consumer confidence up in October

By Aysu Bicer

ANKARA (AA) – Turkey's consumer confidence index stood at 57 in October on a monthly basis, an official data revealed on Wednesday.

The figure posted an increase of 2.1% in October, from 55.8 in September, the Turkish Statistical Authority (TurkStat) said.

"The financial situation expectation of household index in the next 12 months period, which was 74 in September, increased by 1.1% and became 74.8 in October," cited the data.

As for general economic situation expectation index, it became 73.4, a 3.4 increase compared to the last month.

"The number of people unemployed expectation index (next 12 months period) which was 55.3 in September increased by 2.7% and became 56.8 in the month," TurkStat noted.

Also it said, the probability of saving index, which was 22.8 in September, increased by 0.2% and became 22.84 in October.

The index value is jointly calculated by TurkStat and the Central Bank through measurement of consumer tendencies.

The consumer confidence index is seen as a vital gauge of the overall health of the economy, indicating people's sentiments about spending their money, which in turn gives clues about economic vitality.

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Ekonomi

Turkey: Over 39,000 new vehicles registered in August

By Tuba Sahin

ANKARA (AA) – A total of 39,110 first- and second-hand vehicles were registered in August, the country's statistics authority announced on Friday.

The figure was down 38.7% on an annual basis, TurkStat said in a statement.

The overall number of registered vehicles traveling on Turkish roads by the end of August reached 23.1 million.

In August, motor vehicle registration in the country was also down by 42.2% from a month earlier.

Of all the new vehicle registrations in August, the share of cars was 49.8% while small trucks accounted for 33.4%. Motorcycles came in third at 14.3%.

In terms of brands, 15.6% of all newly-registered cars in the month were made by Volkswagen while 13.5% were Renault, 9.4% Fiat, 6.8% Toyota, 5.7% Honda, 5.3% Peugeot, 5% Mercedes-Benz and Hyundai, 4.2+ Opel, 4.1% Skoda and 25.4% were other makes, TurkStat said.

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Alaturka Gazetesi

UPDATE – Turkey: Sept inflation at single digit, down to 9.26%

UPDATES WITH MONTHLY FIGURES AND BACKGROUND INFORMATION

By Muhammed Ali Gurtas and Aysu Bicer

ANKARA (AA) – Turkey saw an annual hike of 9.26% in consumer prices in August, the country's statistical authority TurkStat reported on Thursday.

Last month, the annual inflation went down 5.75 percentage points from 15.01% in August.

TurkStat data revealed that the figure dropped to single digit for the first time since July 2017.

The institution said the highest annual price increase was recorded in alcoholic beverages and tobacco with 43.86% in August.

"Health with 15.41%, miscellaneous goods and services with 14.98%, hotels, cafes and restaurants with 14.87% and education with 14.00% were the other main groups where high annual increases realized," it said.

On Tuesday, an Anadolu Agency survey showed that a group of 14 economists forecast an average annual climb of 9.64% in consumer prices in September.

The economists also forecast that Turkey's year-end annual inflation would be 12.99% on average — lowest at 9.8% and highest at 13.93%.

In September, TurkStat said consumer prices rose 0.99% month-on-month.

"The highest monthly increase was 2.15% in housing," it said, and added: "The highest monthly decrease was 0.60% in food and non-alcoholic beverages."

"In September 2019 within average prices of 418 items in the index, average prices of 42 items remained unchanged while average prices of 292 items increased and average prices of 84 items decreased," the institute said.

The official figures also showed that the 12-month average hike in consumer prices was 18.27% as of this September.

At the end of this July, the Central Bank of Turkey lowered the country's year-end inflation forecast from 14.6% to 13.9%, hovering between 11.5% and 16.3% through the end of 2019.

Under Turkey's new economic program announced by the government on Monday, the country's inflation rate target is 12% this year, 8.5% next year, and 6.0% in 2021.

Over the last decade, annual inflation saw its lowest level at 3.99% in March 2011, while it peaked at 25.24% in October 2018.

Categories
Alaturka Gazetesi

Turkey: Sept inflation at single digit, down to 9.26%

By Muhammed Ali Gurtas and Aysu Bicer

ANKARA (AA) – Turkey saw an annual hike of 9.26% in consumer prices in August, the country's statistical authority TurkStat reported on Thursday.

Last month, the annual inflation went down 5.75 percentage points from 15.01% in August.

TurkStat data revealed that the figure dropped to single digit for the first time since July 2017.

The institution said the highest annual price increase was recorded in alcoholic beverages and tobacco with 43.86% in August.

"Health with 15.41%, miscellaneous goods and services with 14.98%, hotels, cafes and restaurants with 14.87% and education with 14.00% were the other main groups where high annual increases realized," it said.

On Tuesday, an Anadolu Agency survey showed that a group of 14 economists forecast an average annual climb of 9.64% in consumer prices in September.

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Ekonomi

#BREAKING Turkey's annual inflation falls steeply to 9.26% in September, down from 15.01% in August: TurkStat

Categories
Ekonomi

Turkey: Survey expects annual inflation fall in Sept.

By Murat Aslan

ISTANBUL (AA) – Consumer prices in Turkey are expected to rise 9.64% year-on-year in September, according to an Anadolu Agency survey on Tuesday.

Turkey's annual inflation rate stood at 15.01% in August.

The country's statistical authority TurkStat will release the September's consumer price index on Thursday.

A group of 14 economists forecast monthly inflation of 1.34%, with predictions varying between 0.98% and 1.65%.

In August, consumer prices in Turkey rose by 0.86% on a monthly basis.

According to economists' average year-end estimates, annual inflation would be 12.99% — with the lowest estimate at 9.8%, and the highest at 13.93%.

Under Turkey's new economic program announced by the government on Monday, the country's inflation rate target is 12% this year, 8.5% next year, and 6.0% in 2021.

At the end of this July, the Central Bank of Turkey lowered the country's year-end inflation forecast to 13.9%, down from its previous forecast of 14.6%.

As noted in the bank’s latest inflation report, the figure will fluctuate between 11.5% and 16.3% through the end of 2019.

Over the last decade, annual inflation saw its lowest level at 3.99% in March 2011, while it peaked at 25.24% in October 2018.

*With writing and contributions by Muhammed Ali Gurtas from Ankara

Categories
Ekonomi

Turkey posts $2.5 billion foreign trade gap in August

By Tuba Sahin

ANKARA (AA) – Turkey's foreign trade balance ran a $2.5 billion deficit in August, the Turkish Statistical Institute announced Monday.

The August figure was up 1.2% from the same month last year, said TurkStat.

Last month, Turkish exports hit $12.5 billion, up 1.6% on a yearly basis, while imports rose 1.5% year-on-year to $15 billion in August.

The exports-to-imports coverage ratio stood at 83.4% during the month.

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Ekonomi

Turkey: Economic confidence at 86 in September

By Gokhan Ergocun

ISTANBUL (AA) – Turkey's economic confidence index stood at 86 in September on a monthly basis, an official data revealed on Friday.

The figure post 1.3% decrease from 87.1 in August, the Turkish Statistical Authority (TurkStat) said.

The institute cited loses in consumer and real sector confidence indices for the decrease in economic confidence.

"Consumer and real sector confidence indices decreased to 55.8 and 99.7 respectively in September," TurkStat noted.

It added that services, retail trade and construction confidence indices rose to 89.3, 97.6 and 60.1 respectively in the month.

TurkStat said the economic confidence index is a composite index that encapsulates consumers' and producers' evaluations, expectations, and tendencies about the general economic situation.

A total of 20 sub-indices are used in the calculation, with data collected in the first two weeks of each month.

A value above 100 shows an optimistic outlook for the general economic situation, while a value below 100, a pessimistic outlook.

In 2018, the index saw its highest value in January at 105.2 points, as the lowest figure was recorded at 75.2 points in November.

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Ekonomi

Turkish museums attract more visitors in 2018

By Aysu Bicer

ANKARA (AA) – Some 28.2 million people visited museums and ruins across Turkey in 2018, a 37.3% rise from the previous year, said the country's statistical authority on Thursday.

The number of museums in Turkey also increased 3% to reach 451 in 2018, the Turkish Statistical Institute (TurkStat) said.

Out of total, 200 museums were affiliated with the Culture and Tourism Ministry, while the rest fell under the private museum category.

"The number of visitors paid to museums and ruins affiliated to the ministry increased by 44.5% compared to last year," the institute said.

TurkStat added: "The largest number of immovable cultural properties under the responsibility of museums was in Istanbul with 31,599.”

Istanbul was followed by Izmir with some 7,000 immovable cultural properties, and by Mugla with almost 4,500.

According to the institute, the number of the national parks rose by 4.8% and the number of nature parks increased by 9% in 2018 compared to 2017.

The number of nature parks stood up at 243 and the total area of them rose to almost 106,500 hectares in 2018, TurkStat said.

Categories
Alaturka Gazetesi

Turkey: Life expectancy at birth reaches over 78 years

By Muhammed Ali Gurtas

ANKARA (AA) – As of 2016-2018 the average life expectancy at birth for Turkish citizens reached 78.3 years, with women living 5.4 years longer than men, according to a new report.

This year's estimated life expectancy at birth inched up from last year's figure of 78 years, as calculated by the Turkish Statistical Institute (TurkStat).

Life expectancy at birth was 75.6 years for men and 81 years for women, in a gap somewhat larger than the worldwide female-male life expectancy gap, said TurkStat.

"For 15-year-olds, the minimum working age, the average remaining life expectancy was 64.4 years overall, 61.7 years for men and 67.1 years for women," it said.

The average remaining life expectancy at age 30 was 49.8 years and at age 50 was 30.7 years, TurkStat added.

"For 65-year-olds, the average remaining life span was 17.9 years overall, 16.2 years for men and 19.4 years for women.

"In other words, for 65-year-olds, women are expected to live 3.2 years more than men, on average," it said.

The institute noted that life tables — also known as mortality tables — explain in detail the probabilities of mortality and duration of survival at any age of the population.

By helping to improve demographic and social statistics in the country, TurkStat said its objective is to produce reliable, sustainable, and updated life tables for Turkey overall and for all 81 of its provinces.