Turkish Statistical Institute

Türkiye's annual inflation rate slowed for the seventh consecutive month in December, data from the Turkish Statistical Institute (TÜİK) showed on Jan. 3.

Consumer prices rose by 44.38 percent last month, down from 47.1 percent in November.

Exports fell by 3.1 percent annually to $22.3 billion, while imports rose 2.7 percent to $29.8 billion, leading to a foreign trade deficit of $7.46 billion in November, up 24.9 percent from a year ago.

Trade Minister Ömer Bolat has stated that one of his ministry's priorities now is to increase trade with war-torn Syria.

"We are advancing our preparations for trade with Syria at full speed," Bolat said at an event in the northwestern province of Kocaeli.

He noted that exports were already allowed with Syria except for some products.

Confidence across Türkiye's key economic sectors moved up in December, the Turkish Statistical Institute (TÜİK) has announced.

According to seasonally adjusted data, the confidence index in retail trade rose 1.2 percent to reach 113, while the services sector climbed 2.4 percent to 113.6.

The construction sector posted a 1.9 percent rise from the previous month, reaching 89.4.

There were a total of 3.7 million small and medium-sized companies (SMEs) operating in the industry and services sectors in Türkiye in 2023, constituting 99.7 percent of all enterprises.

Companies that employ less than 250 staff and whose annual net sales revenue does not exceed 500 million Turkish Liras are defined as SMEs.

The agricultural input price index (Agricultural-IPI) increased by 32.59 percent annually in October, accelerating from the 31.8 percent rise in the previous month, data from the Turkish Statistical Institute (TÜİK) showed on Dec. 23.

The index advanced by 2.75 percent month-on-month after increasing 1.77 percent in September.

The annual increase in home sales continued for a fifth consecutive month in November, data from the Turkish Statistical Institute (TÜİK) showed on Dec. 18.

Last month, more than 153,000 homes changed hands, marking a robust 63.6 percent increase, following the 76 percent rise recorded in October, when the marker saw over 165,000 sales.

The one-year survival rate of the enterprises born in 2022 was 75.5 percent, according to data from the Turkish Statistical Institute (TÜİK).

This was 75.3 percent for the companies born in 2021, the statistics authority said.

The one-year survival rates of enterprises born in 2019 and 2020 were 80.6 percent and 84.1 percent, respectively.

Türkiye's trade sales volume recorded a 7.2 percent year-on-year increase in October, according to data released on Wednesday by the Turkish Statistical Institute (TÜİK).

Türkiye's unemployment rate increased to 8.8 percent in October, up 0.1 percentage points from the previous month, according to data released on Dec. 10 by the Turkish Statistical Institute (TÜİK).

The number of unemployed individuals rose by 61,000 in October to reach 3.17 million.

The unemployment rate was recorded at 6.9 percent for men and 12.3 percent for women.