Turkish Statistical Institute

The downward trend in the residential property markets continued in October, with sales plunging 8.7 percent from a year ago to around 94,000, data from the Turkish Statistical Institute (TÜİK) have shown.

In the previous month, 103,000 homes changed hands, and sales were down 9.5 percent year-on-year.

The total waste generated in Türkiye, encompassing households, factories and workplaces, exceeded 109 million tons in 2022, marking an increase compared to previous years, a report by the Turkish Statistical Institute (TÜİK) has revealed.

Türkiye has ranked 53rd in a global list of countries with an aging population, according to research by a platform supported by the University of Oxford in the United Kingdom.

With the significant decline in population growth rates in European countries, the proportion of young people in the total population has decreased over the last decade.

The annual inflation rate slowed from 61.5 percent in September to 61.36 percent in October, data from the Turkish Statistical Institute (TÜİK) have shown.

Türkiye's foreign trade came in at $5 billion in September, pointing to a 47.8 percent decline from a year ago, data from the Turkish Statistical Institute (TÜİK) have shown.

Exports fell 0.5 percent year-on-year to $22.49 billion, and the annual decline in imports was 14.6 percent to $27.5 billion.

Foreign tourist arrivals in Türkiye rose by 12.7 percent in January-September to 39.2 million, while the country's tourism revenues were up 13 percent to $20.2 billion in the third quarter, official data released on Oct. 31 showed.

Türkiye aims to host 60 million tourists and generate $56 billion in tourism revenues this year.

Confidence in the Turkish economy increased for a second month in a row in October, data from the Turkish Statistical Institute (TÜİK) have shown.

The economic confidence index advanced 1.2 percent from the previous month after rising 1.3 percent month-on-month in September.

Any index figure above 100 indicates an optimistic outlook about the general economic situation.

In line with market expectations, the Central Bank has increased its policy rate, the one-week repo auction rate, by 500 bps from 30 percent to 35 percent.

Since June, the bank has hiked the policy rate by 2,650 bps.

The unadjusted the capacity utilization rate (CUR) in the manufacturing sector inched up from 77.3 percent in September to 77.4 percent in October, the Central Bank has said.

On a seasonally adjusted basis, the CUR, however, declined slightly from 76.9 percent to 76.8 percent.

Türkiye witnessed a notable surge in its museum and cultural heritage numbers in 2022, according to the latest data released by the Turkish Statistical Institute (TÜİK).

The report highlights significant growth in the number of museums, artworks, visitors and cultural properties, signaling a recovery in the cultural sector after the COVID-19 pandemic.