Turkish Statistical Institute

Türkiye's total red meat production increased by 12.3 percent in 2022 from the previous year to 2.2 million tons, the Turkish Statistical Institute (TÜİK) has said.

Cattle meat production was 1.57 million tons, a 7.7 percent rise from 2021, while the increase in sheep meat production was 27 percent to 489,000 tons.

Türkiye's Central Bank has kept its inflation projections for end-2023 and end-2024 unchanged at 22.3 percent and 8.8 percent, respectively.

Falling for a sixth consecutive month, Türkiye's annual consumer inflation rate slowed to a 16-month low of 43.68 percent in April, according to official data released yesterday.

April's figure, announced by the Turkish Statistical Institute (TÜİK), was down from 50.51 percent in March.
The inflation rate was 69.97 percent in April 2022.

The government will reconsider the minimum wage level in July, Labor and Social Security Minister Vedat Bilgin has said.

He noted that inflation has started to decline but prices continue to increase.

Türkiye's exports increased by 4.4 percent in March from a year ago to 23.6 billion, data from the Turkish Statistical Institute (TÜİK) have shown.

Imports rose 3.4 percent on an annual basis to $31.9 billion. Consequently, the country's foreign trade deficit amounted to $8.3 billion, marking a limited 0.9 percent increase compared with March last year.

Around 6.2 million foreign tourists visited Türkiye in the January-March period, up from 4.9 million foreign arrivals in the first quarter of 2022, the Culture and Tourism Ministry has announced.

In March alone, Türkiye welcomed 2.34 million foreign visitors, which marked a 12.3 percent increase from a year ago.

The economic confidence index advanced 3.5 percent in April from March, data from the Turkish Statistical Institute (TÜİK) have shown.

The index climbed from 98.8 in March to 102.2 in April, which marked the index's highest level since October 2021.

The index was down 0.2 percent month-on-month in March.

The real sector confidence index rose from 105.2 in March to 108 in April, which marked the index's highest level since May 2022, data from the Central Bank have shown.

Any index figure above the 100 mark indicates optimism among companies.

Some 38 out of every 100 house sales to foreigners have been made in the southern province of Antalya, with mostly Russians preferring to buy houses in Türkiye compared with other nationals, data from the Turkish Statistical Institute (TÜİK) have shown.

The consumer confidence index has advanced by 9.2 percent on a monthly basis, rising from 80.1 in March to 87.5 in April, the Turkish Statistical Institute (TÜİK) has reported

Any index figure above the 100-mark indicates optimism among consumers.

The headline consumer sentiment index was down 2.9 percent month-on-month in March.