Turkish Statistical Institute

Home sales plunged more than 44 percent in June

Home sales declined by 44.4 percent in June from a year ago to 83,636, the Turkish Statistical Institute (TÜİK) has reported.

That came on top of the 7.7 percent and 36 percent year-on-year declines posted in May and April, respectively.

Mortgaged home sales nosedived 67 percent from May last year to 40,600, which corresponded to 16.1 percent in total sales.

Construction sector shows signs of recovery

A closely watched survey has showed that Türkiye's large construction sector may be on track for recovery.

The construction activity index climbed to a 21-month high in June, according to the survey conducted by the Turkish Ready Mixed Concrete Association (THBB).

All sub-indices pointed to a recovery in the construction sector compared with last year, said the association.

Industrial production declined slightly in May: Data

Türkiye's industrial production shrank by 0.2 percent in May from a year earlier, data from the Turkish Statistical Institute (TUİK) have shown.

The pace of annual decline in industrial output, however, eased from 1.2 percent in April.

The annual contraction in production was in line with market expectations.

Türkiye's unemployment rate at lowest level since 2014

Türkiye's unemployment rate decreased to 9.5 percent in May, the lowest level since March 2014, with a 0.5 percentage decrease from April, according to official data.

The nation's unemployment rate fell by 193,000 people to 3.3 million in May on a monthly basis, official figures from the Turkish Statistical Institute (TÜİK) showed yesterday.

Annual inflation eases to 38 percent in June

Türkiye's annual inflation rate slowed further from 39.59 percent in May to 38.2 percent in June, the Turkish Statistical Institute (TÜİK) has said.

This marked the lowest annual inflation rate in 18 months.

Consumer prices advanced 3.92 percent in June from May, when the monthly inflation was 0.04 percent, pushed down by a temporary offer of free gas to households.

Poverty threshold at 34,000 Turkish Liras

The labor union Türk-İş has calculated that the poverty threshold of a family of four increased from 33,752 Turkish Liras in May to 33,789 ($1,298) liras in June.

The poverty threshold depicts the monthly amount of necessary and basic expenditure of a family of four, including food, housing, utilities, transport, education and health.

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