Turkish Statistical Institute

A declining trend has been observed in the average household size in Türkiye, while the number of individuals living alone is increasing, according to the Turkish Statistical Institute (TÜİK) data released on May 15.

Retail sales increased by 19.4 percent year-on-year in March, slowing from the annual rise of 25.2 percent in the previous month.

On a monthly basis, retail sales were unchanged, comparing unfavorably with the 3.6 percent month-on-month increase recorded in February, data from the Turkish Statistical Institute (TÜİK) showed on May 13.

Even though limited, the decline in Türkiye's unemployment rate continues for a second month in a row.

The jobless rate dropped from 8.7 percent in February to 8.6 percent in March, the Turkish Statistical Institute (TÜİK) said on May 10.

The number of unemployed people fell by 19,000 from February to March to a little more than 3 million.

The number of single mothers in Türkiye has surpassed 1.8 million and is expected to reach 3 million amidst escalating divorce rates, a recent study conducted in honor of Mother's Day has revealed.

Turkish Trade Minister Ömer Bolat has dismissed Israeli claims of Türkiye easing its trade ban on Israel, labeling them as "absolutely fictional and disconnected from reality."

In a social media post on May 9, Bolat stressed that Türkiye will maintain the trade ban until a lasting ceasefire in Gaza is achieved and humanitarian aid is ensured to the war-torn Palestinian enclave.

Türkiye's annual inflation will begin to decline sharply "in line with our predictions" after it reaches peak in May, Finance Minister Mehmet Şimşek has said.

His remarks came after the data from the Turkish Statistical Institute (TÜİK) showed on May 3 that the annual inflation rate accelerated from 68.5 percent in March to 69.8 percent in April.

Türkiye's annual inflation rate accelerated from 68.5 percent in March to 69.8 percent in April, the data from the Turkish Statistical Institute (TÜİK) showed on May 3.

Consumer prices, which rose 3.16 percent in March, advanced 3.18 percent month-on-month in April.

Turkey has suspended all exports and imports with Israel as of Tursday, according to two Turkish officials briefed on the matter, as reported by Bloomberg. Official statements from Turkey are pending.

This year's weddings are expected to contribute 500 billion Turkish Liras ($15.3 billion) to the economy as the season kicks off early this year, a sector representative has said.

The medium-term economic program is working and yielding the desired results, Finance Minister Mehmet Şimşek has said, vowing to further strengthen the program. 

"We are determined to resolve Türkiye's macroeconomic problems," Şimşek said in a speech he delivered at the Uludağ Economy Summit.