After the shocking interest rate hike by Turkish Central Bank that made many people mesmerized late at night, we have seen how Turkish Lira has turned into a hit and run for traders as it reached at 2.31 per dollar after breaking below 2.17. The…
I might be the luckiest blogger posting about economics around the cyber world. My last post was questioning if Turkish Central Bank has enough foreign exchange reserves or not, I used some metrics to get the question answered such as gross foreign exchange reserves to…
Capacity utilization rate (CUR) was realized at 75.6% in November. It means an increase 160 basis points compared to last year but a slight decline month over month by 80 basis points. Seasonally adjusted CUR also dropped to 74.9% by 90 basis points. Looking at…
Industrial production in September posted 6,4% growth over last year, thus staying above the market consensus. Meanwhile, adjusted for seasonal and working day effects, industrial production, expanded by 5,8% over August. The major contributors to growth were computers, electronic and optical products, publishing, furniture, as…