Exports

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Turkey's May trade deficit surges nearly 50 pct as gold imports skyrocket

Turkey's foreign trade deficit soared 49.5 percent in May due to a sharp increase in gold imports despite robust car exports, preliminary data from the Customs and Trade Ministry showed on June 2. 

The trade deficit rose to $7.65 billion in May, according to the ministry's data, which was compiled by Reuters. 

Producer prices in China dip

China is under growing pressure to further stimulate its economy after disappointing data over the weekend showed another heavy fall in factory-gate prices and a surprise slump in exports.

Producer prices in July hit their lowest point since late 2009, during the aftermath of the global financial crisis, and have been sliding continuously for more than three years.

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