Turkish Statistical Institute

Türkiye's annual inflation rate is expected to decrease to 55.2 percent in August, down from 61.78 percent in July, according to an Anadolu Agency poll of economists.

The survey found that the monthly inflation rate is projected to be 2.64 percent for August, a decrease from 3.23 percent in July.

The economists' forecast for year-end annual inflation is 42.84 percent.

The headline economic confidence index declined but consumer morale, one of the major components of the index, improved in August, data from the Turkish Statistical Institute (TÜİK) showed on Aug. 29.

The economic confidence index was down 1.3 percent in August from July to 93.1 points, remaining below the 100 mark, which separates optimism from pessimism.

Türkiye's foreign trade deficit declined by 41.8 percent year-on-year in July to $7.3 billion as exports rose and imports dwindled, data from the Turkish Statistical Institute (TÜİK) have shown.

Exports amounted to $22.5 billion last month, increasing 13.8 percent from July 2023, but imports plunged 7.8 percent annually to $29.8 billion, TÜİK said on Aug. 28.

Türkiye's internet usage continues to climb, with 88.8 percent of individuals aged 16-74 now using the internet, according to the latest data released by the Turkish Statistical Institute (TÜİK).

This represents a steady increase from 87.1 percent in 2023.

Türkiye's overall population is expected to grow by 2.8 million by 2030, although five of the country's 81 provinces will experience a population decline, according to a study conducted by the Turkish Statistical Institute (TÜİK).

Consumer sentiment improved, even though slightly, in August, after declining in the previous two months, a joint survey conducted by the Central Bank and the Turkish Statistical Institute (TÜİK) has shown.

The consumer confidence index, which fell 2.7 percent in June and 3.1 percent in July, increased by 0.6 percent to 76.4 points in August.

Istanbul recorded the highest domestic migration rate in Türkiye in 2023, with over 581,000 residents leaving the city, according to the report shared by the Turkish Statistical Institute (TÜİK).

Istanbul's migration rate, the highest in the city since 2019, reflects a growing trend of citizens seeking better housing and living conditions, experts say.

Residential property sales in Türkiye jumped 16 percent from a year ago in July, according to latest data released on Tuesday while sales to foreigners increased by 16.1 percent.

A total of 127,088 houses changed hands last month, up from 109,548 in July 2023, a Turkish Statistical Institute (TÜİK) report showed.

Industrial production fell by 4.7 percent year-on-year in June after inching up 0.1 percent in the previous month, data from the Turkish Statistical Institute (TÜİK) have shown.

In April, the annual decline in industrial output was 0.7 percent.

The central government budget outlays on Research and Development (R&D) activities amounted to 98.7 billion ($2.94 billion) in 2023, the Turkish Statistical Institute (TÜİK) has said.

The share of the R&D expenditures in the central government budget was 1.38 percent.