China: Supply crisis and real estate risks for economic growth

One of the historically low growth rates in China was announced for 3Q21 and the periodic performance was 0.2%, while the economy grew by 4.9% compared to the same period of the previous year. ...
Uluslararası

Turkey: Budget deficit narrows with increasing tax revenues

According to the September budget data announced by the Ministry of Treasury and Finance; The central government budget, which had a surplus of 40.8 billion TRY in August 2021, had a deficit of 23.6 billion TRY (2.56 billion USD) in September 2021. ...
Uluslararası

CBRT Market Participants Survey: 2021 year-end inflation expectation at 17.63%..

In the CBRT October Market Participants Survey, the current year-end inflation expectation was 17.63%. ...
Uluslararası

Fed: Tapering to start in mid-November or mid-December

Respondents generally considered that a gradual contraction period ending in mid-next year would be appropriate, provided the economic recovery generally goes well. ...
Uluslararası

China: Inflation, RRs and monetary policy flexibility

While consumer inflation in China was 0.7% in September, below the expected 0.8%, producer inflation, which is the main problem, has moved from 9.5% to 10.7%. ...
Uluslararası

US: Movement in short-term inflation expectations

Inflationary pressures remain historically high. As manufacturers continue to reflect the highest cost pressures and subsequently these costs to their sales prices, inflation remains prevalent in the services sector globally. ...
Uluslararası

Global: The bond yield curves reflet the inflation concerns

It is observed that German bunds with negative rates also contributed to the recent rise in US bond rates, and within this framework, 10-year rates rose to -0.09% and approached the positive zone. ...
Uluslararası

Central Bank's Inflation Perspective

When we look at the interest path of the Central Bank and the prevailing economic and inflationary conditions, we will experience a period in which more than one answer can be given to these questions. ...
Uluslararası

Turkey: I/P positive in terms of growth

While industrial production in Turkey increased by 13.8% in August compared to the same month of the previous year, according to calendar adjusted data; Seasonally and calendar adjusted industrial production increased by 5.4% compared to the previous month. ...
Uluslararası

CBRT: Kavcıoğlu's Presentation of the Parliamentary Plan and Budget Committee

Kavcıoğlu said that Turkey's 2021 current account deficit is seen between 15 – 17 billion dollars. ...
Uluslararası

Turkey: Unemployment rate rises to 12.1% in August

The unemployment rate in Turkey in August, which was 13% in the same month of the previous year, decreased by 0.9 points to 12.1%. ...
Uluslararası

Turkey: Current account balance gives a surplus with tourism increase

In August, the current account balance in Turkey gave a surplus of 528 million USD after recording deficit 9 months in a row. ...
Uluslararası

US: NFP complexity, problematic structure and Fed benchmarks

In September, we see a performance report that is weaker than expected, and a payrolls report in which all good or all bad factors are not together at the same time. ...
Uluslararası

Germany: Possible European reflection of stagflation effect, slowdown in growth

As the global supply curve shifts to the left, we can say that production trends will suffer as much as inflationary effects. ...
Uluslararası

US: ADP points to private sector employment above expectations in September

Private sector employment increased by 568K in September, according to data released by ADP today. We have obtained stronger data than the market expectation of 428K and the revised 340K employment increase for August. ...
Uluslararası

Turkey: Energy costs pose additional risk as inflation accelerates

Consumer prices in Turkey increased by 1.25% in September, while annual inflation was 19.58%. While the increase in energy costs put pressure on inflation to accelerate, the core C indicator, which is currently closely monitored by the Central Bank, also rose and stood at 16.98% in September. ...
Uluslararası

Turkey: Foreign trade deficit 2.60 billion USD in September

According to the leading September foreign trade data announced by the Ministry of Commerce within the scope of GTS (general trade system); Compared to the same month of the previous year, exports increased by 30% to 20.78 billion USD, while imports increased by 12.2% to 23.39 billion USD in the same period. ...
Uluslararası

US: Fed tapering details on PCE items

Annual core PCE, the Fed's preferred measure of inflation, rose 3.6% year-on-year in August, as expected. ...
Uluslararası

Turkey: Manufacturing PMI drops to 52.5 in September

According to the data announced by the Istanbul Chamber of Industry (ISO) and IHS Markit; Manufacturing PMI fell to 52.5 from 54.1 in September. ...
Uluslararası

Turkey: Tax cut on TRY deposit extends until the end of 2021

According to the decree published in the Official Gazette, the tax advantage in lira deposit accounts has been extended until the end of the year. ...
Uluslararası

Turkey: Foreign trade deficit at 4.28 billion USD in August

In August, the country we exported to the most was Germany, followed by the USA, England and Iraq. ...
Uluslararası

Turkey: Economic confidence rises in September

The economic confidence index in Turkey, which was 100.8 in August, rose to 102.4 in September. ...
Uluslararası

Enerjide yeni teknolojilerle karbon ayak izini azaltacağız

Türkiye’nin en kapsamlı lider enerji platformu ICCI (Uluslararası Enerji ve Çevre Fuarı ve Konferansı) ve Türkiye Kojenerasyon Derneği tarafından gerçekleştirilen ICCI 2021 Dijital Konferansı başladı. ...
Sektörel - Uluslararası - Çevre

Germany: General elections, coalition options and the German economy, Euro

The German elections, which will take place on Sunday, September 26, will be one of the most influential developments in terms of the future economy in terms of the EUR. ...
Uluslararası

Turkey: Manufacturing industry capacity utilization increases in September

Despite a mixed course compared to the previous month, the September real sector confidence index data announced by the Central Bank still maintains a strong trend. ...
Uluslararası

CBRT: Unexpected rate cut, risk of lira volatility

The Central Bank unexpectedly lowered the benchmark interest rate to 18%. ...
Uluslararası

 “CO_DE: Color By Design” projesi ile renklerin büyülü dünyasına yolculuk

Türkiye’nin ilk efekt boya üreticisi olarak 1965 yılından bu yana sadece ülkemizde değil 4 farklı kıtada, 40’ı aşan ülkede faaliyetlerini sürdüren San Deco, kendi sektöründe fark yarattığı inovatif yaklaşımıyla “ezber bozmaya” devam ediyor. Yarım asrı aşan başarı hikayesiyle Türk boya sanayinin büyümesine katkı sunan şirket, aynı zamanda sektörün vizyonunu genişletecek yenilikçi projelere imza atıyor. ...
Dijital Gazete - Kültür - Sanat - Resim - Uluslararası - Yaşam - Kadın - Magazin - Moda

China: Evergrande coupon payment and beyond

Today, the $83.5 million debt settlement of Evergrande's 5-year USD bond will be looked at. If the coupon payment is missed, it defaults within 30 days. ...
Uluslararası

Fed: Tapering to start soon, rate hike more likely to be in 2022

The FOMC statement shows that the Fed will taper now unless a major economic shock spreads and disrupts business. ...
Uluslararası

China: Evergrande interest payment issue and fear of contagion

Evergrande's onshore subsidiary has announced that it will pay interest on the bond payments, but the details of the coupon payments are not clear. ...
Uluslararası

US: Price effect on home sales

According to the housing sales data we looked at to spend some time before the Fed; In second hand house sales, it is seen that buyers make less purchases due to the weak housing inventory (supply driven) and high prices (inflationary pressure). ...
Uluslararası

CBRT: Policy easing questions on core inflation focus

Although we do not expect an interest rate change from the CBRT's meeting to be held tomorrow, due to the current financial market stress and the continuing high pressure of inflation; We carefully follow the evolution of monetary policy towards easing. ...
Uluslararası

UK: “Global UK”, joining USMCA, trade agreements, BOE

The UK is seeking to join the North American Trade Pact, formerly known as NAFTA, which was renamed USMCA after Trump's revision, for an effective positioning on global trade. ...
Uluslararası

Fed: Looking for clues to tapering at September FOMC meeting

The decisions of the Central banks, especially the Fed, will be very important in guiding monetary policy expectations and market movements. ...
Uluslararası

US/China/Europe: Geo-strategic partnership against China, regional security, collateral damage

We emphasized that the strained relations during the Trump era were not related to the administration, but to the national policies of the US, and that things would not change much during the Biden era. ...
Uluslararası

China and the US: Multidimensional risk balance

While the market focuses on the Fed's decisions with a high degree of impact; some stress factors also have to be monitored. ...
Uluslararası

CBRT: Total rediscount credit limit increases to 30 billion USD

According to the statement made by the CBRT, the terms of use and repayment of rediscount credits for export and foreign exchange earning services have changed as of October 1. ...
Uluslararası

CBRT Market Participants Survey: 2021 year-end inflation expectation at 16.74%

In the CBRT September Market Participants Survey, the current year-end inflation expectation was 16.74%. ...
Uluslararası

China: Evergrande crisis spillover effect

The Evergrande crisis, which has emerged from the real estate sector and increased its potential to spread, needs to be looked at from a multidimensional perspective. ...
Uluslararası

Turkey: Budget balance turns into surplus in August with the effect of tax collection

According to the August budget data announced by the Ministry of Treasury and Finance; The fiscal balance, which had a deficit of 45.8 billion TRY in July 2021, gave a surplus of 40.8 billion TRY (4.83 billion USD) in August 2021. The budget had a surplus of 28.2 billion TRY in the same period of last year. ...
Uluslararası

China: Delta, spending impact and growth concerns

According to the data released from China this morning; There was a disappointing 2.5% year-on-year increase in retail sales in August. ...
Uluslararası

CBRT: FX deposit RRs increases by 200 bps

According to the decree published in the Official Gazette, the CBRT increased the required reserve ratio for foreign currency deposits by 200 basis points. ...
Uluslararası

China: Evergrande “default” issue

Investors of Evergande, which has a shortage of liquidity and has a known debt of 300 billion USD, are worried about the risk of bankruptcy these days. ...
Uluslararası

US: Things to know before CPI

In the busy economic publishings week before the Fed, the US inflation figures for August will come to the fore today. ...
Uluslararası

Turkey: I/P falls short of expectations, pointing to a loss of speed

In July, industrial production in Turkey increased by 8.7% compared to the same month of the previous year, according to calendar adjusted data; Seasonally and calendar adjusted industrial production contracted by 4.2% compared to the previous month. ...
Uluslararası

Ünlü kebapçı dünyaya açılıyor

Ünlülerin uğrak mekânı olan ve Adana'nın sayılı kebapçılarından babasının adı (Kaburgacı Yaşar) ile anılan mekânlarında faaliyetlerine devam eden iş adamı Uğur Aydın, sosyal medyayı aktif bir şekilde kullanarak yaptıkları işi en doğru bir şekilde milyonlarca insana ulaştırıyor. ...
Dijital Gazete - Gündem - Sektörel - Gıda - Uluslararası - Yaşam - Gurme

Soyer, uluslararası temsilcilerle görüştü

İzmir Büyükşehir Belediye Başkanı Tunç Soyer 65 ülkeden kültür üreticilerini “Kültür: Geleceğimizi Kurarken” temasıyla buluşturan Kültür Zirvesi kapsamında uluslararası temsilcilerle görüştü. Uluslararası heyetler, kendi kentlerine ait deneyimlerini, bilgi birikimlerini, yeni çözüm önerilerini ve planlarını Başkan Soyer’le paylaştı. Başkan Soyer, “Biz münferit çalışmalardan değil, uyum içerisinde ortak çalışmalardan yanayız. Fark yaratmak için uyum en önemli esas” dedi. ...
Dijital Gazete - Gündem - Diplomasi - Türkiye - Uluslararası

US: Risks in inflation aim upside

Final PPI in the US rose 8.3% in August, continuing its upward movement from 7.8% in July. ...
Uluslararası

ECB: Strategic mitigation planning for PEPP

The ECB statement once again reveals that we need to evaluate the Central Bank's decisions in terms of analytics, not their apparent dimensions. ...
Uluslararası

China: Increasing regulatory pressure on tech companies, inflation and RRR

Regulation, restriction, state control pressure on technology and game companies in China and problems in particular for Evergrande seem to grow. ...
Uluslararası