Turkish Statistical Institute

The monthly increase in retail prices in Istanbul slowed from 4.07 percent in February to 3.93 percent in March, according to data from the Istanbul Chamber of Commerce (İTO).

On the back of the March reading, the annual inflation in Türkiye's megacity accelerated from 76.58 percent to 74.22 percent.

Prices rose by 15.42 percent compared with the end of 2023.

The foreign trade deficit declined by 44.2 percent in February from a year ago, data from the Turkish Statistical Institute (TÜİK) has shown.

The country's exports rose by 13.6 percent year-on-year to $21.08 billion, while imports plunged 9.2 percent to $27.85 billion, leading to a foreign trade deficit of $6.77 billion.

Social protection expenditure rose by 60.2 percent to reach 1.29 trillion Turkish Liras in 2022 compared to the previous year, marking a substantial increase, data from the Turkish Statistical Institute (TÜİK) have shown.

Social protection aids constituted the majority of the expenditure, totaling 1.26 trillion liras, representing 98 percent of the total expenditure.

The bilateral trade volume between Türkiye and Israel has declined by 33 percent between Oct. 7 and March 20, Trade Minister Ömer Bolat has said. 

"Public institutions and state-owned companies never do business with Israel," Bolat said in an interview with private broadcaster 24 TV.

Turkish companies are likely to increase hiring in the second quarter of 2024, according to a survey by ManpowerGroup.

Around 64.1 percent of individuals aged 65 and above in Türkiye feel happy, with the proportion of males expressing happiness at 64.9 percent and women at 63.5 percent, the Turkish Statistical Institute (TÜİK) has revealed.

TÜİK and the Family and Social Services Ministry have conducted a survey aimed at developing policies concerning the elderly population in Türkiye.

The real sector confidence index increased from 102 in February to 103.5 in March, the Central Bank has said.

Any figure above the 100-mark indicates optimism among businesses.

The sub-index of the general business situation surged from 89.5 to 91.1, the bank's data showed on March 22.

Türkiye's housing market bounced back in February as home sales showed an annual increase after months of decline, data from the Turkish Statistical Institute (TÜİK) have shown.

In February, a total of 93,902 homes were sold across the country, pointing to a 17.3 percent increase from the same month of last year. 

Industrial production increased by 1.1 percent in January from a year ago, according to the numbers of the Turkish Statistical Institute (TÜİK).

Mining and quarrying production rose by 4.9 percent, while the annual increase in the electricity, gas, steam and air conditioning supply was 8.4 percent, TÜİK said on March 12.

The unemployment rate rose from 8.9 percent in December 2023 to 9.1 percent in January, the Turkish Statistical Institute (TÜİK) has said.

The number of jobless people increased by 85,000 within a month to 3.12 million people.

The unemployment rate among men was 7.7 percent, while it was 11.7 percent among women.