Imports in Turkey
Turkey - ImportsFirst-quarter economic growth lost some steam due to softer expansions in household consumption, amid red-hot inflation and deeply pessimistic sentiment. Economic growth is set to moderate further in the second quarter amid the fallout from the war in Ukraine, even-higher inflation and a weakened currency. Consumer sentiment deteriorated in April–May against the backdrop of greater price pressures, which are eroding wage growth and eating into consumers’ pockets. The manufacturing PMI moved further into contractionary territory in the same two months due to protracted supply chain issues and exchange-rate weakness. More positively, business confidence rose in the same period on robust expectations. Meanwhile, President Erdogan vetoed Sweden and Finland’s late March requests to join NATO and seems intent on further delaying or preventing their accessions into the alliance.
Turkey - Imports Data
|Imports (USD billion)||204||193||228||220||199|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||12.00||-0.09 %||Dec 31|
|Exchange Rate||5.95||-0.85 %||Jan 01|
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August 3, 2022
Consumer prices jumped 2.37% month on month in July, down from the 4.95% increase recorded in June.
July 27, 2022
Industrial output increased 9.1% compared to the same month a year earlier in May, which followed April's 10.8% increase.
July 27, 2022
Consumer sentiment rose to 68.0 in July from 63.4 in June.
July 25, 2022
Business confidence came in at 103.7 in July, down from June's 106.4.
July 21, 2022
As expected, the Central Bank of the Republic of Turkey (TCMB) stood pat at its 21 July meeting.