Turkish Economic Agenda Heats Up Post-Holiday: Central Bank Decision and TUIK Data in Focus

Market Expectations Rise as Key Turkish Economic Indicators Take Center Stage

Following the holiday break, the economic agenda is set to intensify in the upcoming week. Market focus will be on the interest rate decision and key data releases from the Turkish Statistical Institute (TUIK). Significant economic indicators are slated for release, keeping investors and markets attentive, particularly towards the Central Bank.

On Monday, the Central Bank will disclose the Manufacturing Industry Capacity Utilization Rate and the Real Sector Confidence Index for June.

The Monetary Policy Committee will announce its interest rate decision for June, having maintained the policy rate at 50% in May. The messaging within the committee’s decision statement will be closely scrutinized for market implications.

TUIK will also unveil several crucial economic indicators:

  • Monday will see the release of the June indices for services, retail, trade, and construction confidence.
  • Wednesday’s agenda includes May statistics for motor vehicle sales.
  • Thursday will feature the Economic Confidence Index for June.
  • Friday’s announcements will cover May’s foreign trade statistics, as well as data on newly established or closed companies.

Additionally, labor market statistics for 2023 will be disclosed on Friday, reflecting comprehensive insights into Turkiye’s economic landscape.

This week’s economic announcements are expected to shape market sentiment and provide crucial insights into Turkiye’s economic trajectory post-holiday season.

Source: Trthaber / Prepared by Irem Yildiz

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