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Maximum monthly real profit rate was realized in stock exchange in Turkey

9.11.2020

The Rates of Real Profits Created by Means of Financial Investment, October 2020

Stock exchange yielded the highest monthly real profit with the rates of 2.22% and 3.64% according to domestic producer price index (D-PPI) and consumer price index (CPI), respectively.

According to D-PPI, the monthly real profit rate of US Dollar and Euro yielded real profit with the rates of 1.22% and 1.04%, respectively. However, the monthly real profit rate of investors of gold (ingot), deposit interest and government domestic debt instruments (GDDI) lost by 0.21%, 2.63% and 2.76%, respectively. According to CPI, the monthly real profit rates of US Dollar, Euro and gold (ingot) yielded real profit with the rates of 2.62% and 2.45% and 1.17%, respectively. However, the monthly real profit rate of investors of deposit interest and GDDI lost by 1.27% and 1.41%, respectively.

The monthly real profit rates created by means of financial investment, October 2020

Gold (ingot) made the highest real profit with the rates of 9.82% according to D-PPI and 14.85% according to CPI, quarterly. In the same period, GDDI made the highest loss with the rate of 8.92% according to D-PPI and 4.74% according to CPI.

The quarterly real profit rates created by means of financial investment, October 2020

Bi-annually, gold (ingot) made the highest real profit with the rates of 16.12% according to D-PPI, 21.68% according to CPI. In the same period, investors of GDDI made the highest loss with the rate of 7.38% according to D-PPI and 2.95% according to CPI.

The bi-annual real profit rates created by means of financial investment, October 2020

Maximum annual real profit rate was created by gold (ingot) investors

Gold (ingot) yielded the highest annual real profit with the rates of 46.83% and 55.11% according to D-PPI and CPI, respectively.

According to D-PPI, the annual real profit rate of Euro and US Dollar yielded real profit with the rates of 22.88% and 15.30%, respectively. However, the annual real profit rate of investors of stock exchange, deposit interest and GDDI lost by 0.47%, 3.45% and 3.78%. According to CPI, the annual real profit rates of Euro, US Dollar, stock exchange, deposit interest and GDDI yielded real profit with the rates of 29.81%, 21.80%, 5.15%, 1.99% and 1.64%, respectively.

The annual real profit rates created by means of financial investment, October 2020

The next release on this subject will be on December 7, 2020.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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October Exports Hit Record of All Times in Turkey

05.11.2020

​​​​“Turkey hit the highest monthly export volume in October with USD 17.3 billion,” said Minister of Treasury and Finance Berat Albayrak in a statement on November 2.

Commenting on the latest export figures, Minister Albayrak said Turkey’s exports increased by 5.6 percent in October 2020, according to general trade system. “We are entering a new era in which exports are rising and current account balance is maintained,” he added.
October figures also unveiled that export/import coverage ratio in Turkey reached 95.3 percent excluding gold.​​

Source: Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Turkey’s manufacturing industry has been recording figures above the threshold level for five consecutive months

05.11.2020

Manufacturing PMI in Turkey above Threshold for Five Consecutive Months

​​​Bouncing back from the devastating impacts of the COVID-19 outbreak, Turkey’s manufacturing industry has been recording figures above the threshold level for five consecutive months as of October.

Turkey’s Purchasing Managers’ Index (PMI) for the manufacturing sector, compiled jointly by IHS Markit and the Istanbul Chamber of Industry, rose from 52.8 in September to 53.9 in October. The results show that robust recovery in the Turkish manufacturing sector has been gaining pace.

According to the report data, the main driver behind the output was rising customer demand and employment, one of the breakdown on the index, saw the fastest recovery since February 2018.

“Manufacturers pointed that recovery in customer demand was maintained, and new orders rose for five successive months. An expansion was also observed in new export orders,” finds the report.​​


Source: Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Total environmental protection expenditure in Turkey amounted to 38.4 billion TL by an increase of 1.2% compared to the previous year in 2019

27.10.2020

Environmental Protection Expenditure Statistics, 2019

Total environmental protection expenditure amounted to 38.4 billion TL by an increase of 1.2% compared to the previous year in 2019. Out of total environmental protection expenditure, 57.8% was realized by financial and non-financial corporations, 34.2% was realized by general government and non-profit institutions serving households and 8% was realized by households.

46.3% of environmental protection expenditures realized for waste management services

In total environmental protection expenditure, waste management services accounted for 46.3%, wastewater management services accounted for 37.8%, protection of biodiversity and landscapes accounted for 4.8%, protection and remediation of soil, groundwater and surface water accounted for 3.8% and other environmental protection domains accounted for 7.3%.

Environmental protection investment expenditure was 6.4 billion TL

Out of 6.4 billion TL of environmental protection investment expenditure which decreased by 10.5% compared to the previous year, 76.9% was realized by financial and non-financial corporations and 23.1% was realized by general government and non-profit institutions serving households. While environmental protection investment expenditure was 3.3 billion TL for wastewater management services and 1.4 billion TL for waste management services, it was 1.7 billion TL for other domains.

Share of environmental protection expenditure in GDP was 0.9%

While share of environmental protection expenditure in gross domestic product was 1.0% in 2018, it was 0.9% in 2019.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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The number of road motor vehicle registrations in Turkey increased by 1.8% in September 2020 compared with the previous month

27.10.2020

Road Motor Vehicles, September 2020

Regarding the vehicle registrations in September, cars accounted for 51.7%, followed by motorcycles 22.6%, small trucks 16.4%, tractors 5.1%, trucks 2.5%, minibus 0.7%, special purpose vehicles 0.6% and buses 0.4%.

The number of road motor vehicle registrations increased by 1.8% compared with the previous month

In September, the number of road motor vehicle registrations increased by 49.2%, 26.8%, 16.7%, 16.1%, 5.2% for trucks, small trucks, special purpose vehicles, tractors and minibuses while it decreased by 15.8%, 6.2%, and 3.3% for buses, motorcycles and cars respectively.

The number of road motor vehicles registered increased by 101.6% compared with the same month of the previous year

In September, compared with the same month of the previous year, the number of road motor vehicle registrations increased by 1360.0%, 271.1%, 256.4%, 104.2%, 90.3%, 65.3%, 18.6% and 11.0% for special purpose vehicles, trucks, small trucks, tractors, cars, motorcycles, minibuses and buses respectively.

At the end of September, the total number of road motor vehicles registered reached 23 million 854 thousand 820

At the end of September, cars represented 54.1%, small trucks 16.3%, motorcycles 14.6%, tractors 8.1%, trucks 3.6%, minibuses 2.1%, buses 0.9% and special purpose vehicles 0.3% of total number of road motor vehicles registered.

916 thousand 48 road motor vehicles handed over in September

Among vehicles handed over(1) in September, cars accounted for 70.7% followed by small trucks 15.5%, motorcycles 6.1%, tractors 2.9%, trucks 2.2%, minibuses 2.0%, buses 0.5% and special purpose vehicles 0.1%.

In September, 54 thousand 705 cars were registered to the traffic  

In terms of the distribution of trademarks for the new registered cars in September, Fiat recorded 20.3%, Renault 17.4%, Toyota 8.6%, Volkswagen 6.1%, Skoda 4.8%, Hyundai 4.7%, Ford 4.6%, Honda 3.8%, Nissan 3.3%, Seat 3.0%, Peugeot 2.9%, BMW 2.5%, Audi 2.5%, Opel 2.4%, Mercedes-Benz 2.4%, Kia 2.4%, Dacia 2.2%, Citroen 2.1%, Volvo 0.8%, Jeep 0.6% and the other trademarks 2.8% of the total.

In the period of January-September total road motor vehicles in traffic increased by 736 thousand 543

In January-September period compared to the same period of previous year, the number of registered vehicles increased by 55.9% and became 736 thousand 543, while the number of withdrawn road motor vehicles decreased by 82.6% and became 35 thousand 995. Hence, in the period of January-September the increase in motor vehicles registered became 700 thousand 548.

In the period of January-September the ratio of cars registered using gasoline was 49.6%

Among 409 thousand 538 cars registered in the period of January-September, the share of gasoline-fuelled cars was 49.6% followed by diesel-fuelled cars with 41.7%, LPG-fuelled cars with 5.6% and electric or hybrid cars with 3.1%. At the end of September, among 12 million 907 thousand 648 registered cars, the share of diesel-fuelled cars was 38.3% followed by LPG-fuelled cars with 37.0% and gasoline-fuelled cars with 24.3%. The share of electric or hybrid cars was 0.2% and the cars with unknown(2) fuel type was 0.3%.

Most frequent engine size was 1401-1500 for registered cars in the period of January-September

Within 409 thousand 538 cars registered to traffic in January-September period, 30.9% had 1401-1500, 24.9% of them had engine size 1501-1600, 23.3% had 1300 or less, 14.4% had 1301-1400, 5.5% had 1601-2000, 0.9% had 2001 and above.

In the period of January-September 196 thousand 592 of cars registered were white 

Within 409 thousand 538 cars registered to traffic in January-September period, 48.0% of them were white, 26.5% were grey, 7.1% were blue, 7.0% were black, 6.9% were red, 1.6% were orange, 1.4% were brown, 0.7% were yellow, 0.2% were green and 0.6% were in other colours.

The next release on this subject will be on 27 November, 2020. 
                                                                                                                                                                                      

EXPLANATIONS

(1) Road motor vehicles handed over are that the owners of them had changed through the notaries for one time or more.

(2) Unknown includes the cars for which the type of fuel field in the license was entered incorrectly or left blank.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Consumer confidence index in Turkey decreased by 0.1% in October compared to the previous month

22.10.2020

Consumer Confidence Index, October 2020 in Turkey

Seasonally adjusted consumer confidence index calculated from the results of the consumer tendency survey carried out in cooperation with the Turkish Statistical Institute and Central Bank of the Republic of Turkey decreased by 0.1% in October compared to the previous month. The index became 81.9 in October while it was 82.0 in September.Seasonally adjusted consumer confidence index, October 2020

Financial situation of household index became 69.4

The financial situation of household index at present compared to the last 12 months period which was 71.8 in September decreased by 3.3% and became 69.4 in October.

Financial situation expectation index realized as 79.5

The financial situation expectation of household index in the next 12 months period which was 79.1 in September increased by 0.6% and became 79.5 in October.

General economic situation expectation index became 81.4

The general economic situation expectation index in the next 12 months period which was 83.3 in September decreased by 2.3% and became 81.4 in October.

Assessment on spending money on durable goods index realized as 97.4

Assessment on spending money on durable goods index over next 12 months compared to the past 12 months period which was 93.8 in September increased by 3.9% and became 97.4 in October.

Seasonally adjusted consumer confidence index, sub-indices and rate of changes, October 2020

Seasonally adjusted consumer confidence index and indices concerning consumer tendency, October 2020

The next release on this subject will be on November 20, 2020.
                                                                                                                                                                                      

EXPLANATIONS

In monthly consumer tendency survey, consumers’ assessments and expectations on financial standing and general economic situation, also their expenditure and saving tendencies are measured.

The consumer confidence index calculated from the survey results is evaluated within the range of 0-200. It indicates an optimistic outlook when the index is above 100, but it indicates a pessimistic outlook when it is below 100.

The increase in probability of borrowing money index, which is the one of the indices concerning consumer tendency indicates an optimistic outlook while decrease in index indicates a pessimistic outlook. Similarly, increase in assessment and expectation in consumer prices change rate indices indicate a decrease in assessment/ expectation in consumer prices and vice versa. The increase in number of people unemployed expectation index indicates decrease of number of people unemployed expectation, whereas decrease indicates increase of number of people unemployed expectation.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Agricultural Input Price Index in Turkey increased by 1.43% in August 2020 compared to previous month

21.10.2020

Agricultural Input Price Index, August 2020

Agriculture-PPI (2015=100) increased by 1.43% compared to previous month, increased by 5.43% compared to December of the previous year, increased by 8.11% compared to same month of the previous year and increased by 8.12% compared to twelve months averages, in August 2020.

Monthly changes with respect to previous month by main groups, goods and services currently consumed in agriculture index increased by 1.39% and goods and services contributing to agricultural investment index increased by 1.66%. The goods and services currently consumed in agricultural index increased by 7.50% and goods and services contributing to agricultural investment index increased by 11.92% compared to same month of the previous year.

Annual rate of changes of Agricultural-IPI (%),  August 2020

The highest annual decrease was realized 7.63% in veterinary expenses subgroup

The other subgroup that indicated a decrease was plant protection and pesticides with 2.12% amongst the subgroups. On the other hand, maintenance of materials  with 21.82%, animal feedingstuffs with 10.37% and other goods and services with 9.73% were the subgroups where high annual increases realized.

Agricultural-IPI annual rate of changes in subgroups (%), August  2020

The lowest monthly increase was 0.05% in seeds and planting stock subgroup

In August 2020, the other subgroups that indicated a low increase were plant protection and pesticides with 0.58%, other goods and services with 0.95%. On the other hand, maintenance of materials with 4.01%, veterinary expenses with 3.61%, and maintenance of buildings with 2.58% were the subgroups where high monthly increases realized.

Agricultural – IPI monthly rate of changes in subgroups (%), August 2020

The next release on this subject will be on November  23, 2020.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Trip expenditures of domestic tourists decreased by 67.1% in the second quarter compared to same quarter of previous year in Turkey

21.10.2020

Household Domestic Tourism, Quarter II: April-June, 2020

In the second quarter; which is April, May and June months of 2020, 5 million 334 thousand residents had domestic trips. Domestic trips with one or more than one overnights, decreased by 69.1% compared to the same quarter of the previous year and declined to 5 million 976 thousand trips. In this quarter, domestic visitors made 76 million 10 thousand overnights. Average number of overnights was 12.7.

Number of domestic visitors, trips and overnights, Quarter II: April-June, 2020

Number of overnights, Quarter II, 2020          Average number of overnights, Quarter II, 2020

Domestic visitors spent 3 billion 536 million 968 thousand TL

In this quarter, trip expenditures of domestic tourists decreased by 67.1% compared to same quarter of previous year and declined to 3 billion 536 million 968 thousand TL. In this quarter, while 98.0% of domestic tourism expenditure was individual with 3 billion 465 million 400 thousand TL, 2.0% of it was package tour expenditures with 71 million 568 thousand TL. Average expenditure per trip was 592 TL.

Travel expenditures of visitors, Quarter II: April-June, 2020

Total trip expenditures, Quarter II, 2020        Average expenditures per trip, Quarter II, 2020

In this quarter, according to rate of change of trip expenditures compared to same quarter of the previous year, the highest decreases were package tour expenditures with 90.8%, trip expenditures made before trip with 90.3% and accommodation expenditures with 84.5% respectively.

Rate of change of expenditure types over the same quarter of the previous year (%), Quarter II, 2020

Primary purpose of trip was “visiting relatives” with 73.9%

The secondary purpose of trip was “travel, leisure, vacation” with 14.0% and the third was “health” with 5.5%.

Distribution of trips according to the purpose of trip (%), Quarter II, 2020

Domestic visitors stayed mostly at house of friend or relative

In this quarter, according to number of overnights by type of accommodation, domestic visitors stayed mostly at “house of friend or relative” with 59 million 481 thousand overnights. While “own house” took second place with 11 million 638 thousand overnights, “hotel” took third place with 1 million 195 thousand overnights.

Distribution of overnights according to the type of accommodation (%), Quarter II, 2020

The next release on this subject will be on January 22, 2021.


Source: TurkStat
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Industrial production in Turkey increased by 10.4 percent annually

19.10.2020

Industrial Production Upsurges in August

​​Turkey’s industrial production index soared in August 2020.
Turkey’s Statistical Institute, TurkStat, unveiled August industrial production data. Accordingly, industrial production increased by 10.4 percent annually, while a 3.4 percent monthly increase was recorded in the month of August.
The sub-sectors of industry, mining and quarrying indices increased by 5.2 percent, manufacturing industry index 11.4 percent, and electricity, gas, steam and air conditioning manufacturing and distribution indices by 2.3 percent compared to the same month of 2019. These sub-sectors posted monthly increases of 2.5 percent, 3.6 percent and 1.3 percent respectively in August.
“With these figures, we rank 1st among OECD members and 2nd worldwide,” said Minister of Treasury and Finance Berat Albayrak, commenting on the latest industrial production data.

Source: Republic of Turkey Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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Turkey incentivizes TRY 18,3 billion worth of investments in August 2020

19.10.2020

Turkey Incentivizes TRY 18,3 Billion Worth of Investments

​​“We have issued TRY 18,3 billion worth of investment incentives in August, paving the way for new job opportunities for 28,411 citizens,” Minister of Industry and Technology Mustafa Varank announced on October 12.
In his statement, Minister Varank provided detailed information on the results of Turkey’s investment incentives in the first 8 months of 2020. Accordingly, compared to the same period of 2019, the first 8 months of 2020 saw the number of incentive certificates rise by 98 percent, projected employment by 54 percent and fixed investments by 32 percent.
Among all the investments decided to be made, 57 percent were in the manufacturing sector, 24 percent in the energy sector, 16 percent in the services sector, 2 percent in the agriculture sector, and 1 percent in the mining sector.​

Source: Republic of Turkey Investment Office
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.


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