Turkish Statistics Agency

Turkey's central bank decided to take a measured step toward simplification as global volatility eased to some extent, reducing the need for a wide interest rate corridor, the bank said on March 25.

According to the bank, improvement in the underlying core inflation trend remains limited, necessitating the maintenance of a tight liquidity stance.      

Turkey's unemployment rate rose to a 10-month high of 10.8 percent in December 2015 from 10.5 percent in the previous month, data from the Turkish Statistics Agency (TÜ?K) showed on March 15. The rate was 10.9 percent in December 2014, according to official data. 

The inflation rate in Turkey rose by 1.82 percent in January, triggered by persistently high food costs and tax hikes, especially on alcoholic beverages and tobacco products, lifting the annual inflation rate to 9.58 percent, close to double digit levels and the highest since May 2014.  

Turkey's transport trips for export reasons regressed by 4 percent in 2015 compared to the previous year due to a declining trend in exports, with a further deterioration expected amid the refugee crisis and geopolitical risks, an Istanbul-based transport association said Feb. 2. 

The unemployment rate in Turkey rose to 10.5 percent in October 2015 from 10.3 percent in September 2015, according to data from the Turkish Statistics Agency (TÜ?K). 

The latest unemployment rate was the highest since March 2015, when it hit 10.6 percent.

Turkey's foreign trade deficit narrowed by 25 percent year-on-year in the first 11 months of 2015 thanks to the decline in imports amid the drop in the oil price, according to data revealed by the Turkish Statistics Agency (TÜ?K) on Dec. 31. 

The deficit narrowed to $57 billion in the January-November period compared to the same period of 2014. 

Economic confidence index decreased by 3.8 percent to 100.18 in December compared to previous month, amid rising tension between Turkey and Russia and uncertainties resulting from the rate hike decision by the U.S. Federal Reserve (Fed). 

Turkey's annual inflation rate increased above estimates to 8.1 percent in November from 7.58 percent in October due to a sharp hike in footwear and clothing prices, according to data revealed by the Turkish Statistics Agency (TÜ?K) on Dec. 3. 

The highest monthly increase was 5.37 percent in clothing and footwear, according to the TÜ?K data. 

Turkey's annual inflation rate increased above estimates to 8.1 percent in November from 7.58 percent in October due to a sharp hike in footwear and clothing prices, according to data revealed by the Turkish Statistics Agency (TÜ?K) on Dec. 3. 

The highest monthly increase was 5.37 percent in clothing and footwear, according to the TÜ?K data. 

Turkey's property sales to foreign people increased by 23.8 percent in October compared to the same month of the previous year, according to official data released by the Turkish Statistics Agency (TÜ?K) on Nov. 23.