Turkish Statistical Institute

Turkish industrial production rose less than expected in May, marking the lowest growth in seven months, official data has shown, suggesting strong exports have struggled to compensate for the challenges in the domestic market.

A People’s Democratic Party (HDP) lawmaker for the southeastern province of Batman, which is home to Turkey’s biggest oilfield, has presented a legal proposal to share the central government’s oil revenues with local administrations, in a move that has been seen as a vital step for autonomy by Kurdish politicians.

A level of $14 per day, especially if the other family members of the workers do not have any other income, is highly inadequate for laborers, who work for a minimum wage, to maintain their physical being On July 1, Turkey’s minimum wage will be “updated.” For a single worker without any children, it will be net 891 Turkish Liras monthly, which is approximately 306 euros or $414.

The Turkish economy grew 4.3 percent in the first quarter of 2014, mainly due to strong exports that benefited from a weak Turkish Lira in a period marked by a fragile domestic market, high interest rates and a tense political environment.

Industrial production in Turkey increased over expectations in April thanks to a strong performance in the manufacturing of capital and intermediate goods.

Turkey’s annual inflation has climbed to its highest level in two years, rising to 9.66 percent in May, but remained below forecasts thanks to an unexpected decline in food prices.

Turkey’s gold exports and imports dipped in April, adding to questions over unexplained sharp moves in trading after recording a surprising leap in exports to Switzerland in March.

The Turkish trade deficit further narrowed in April, helped by falling imports and rising exports, particularly led by a recovery in Turkey’s main trade market, Europe, according to official data.

The number of tourists to Turkey is expected to rise to a record high of 43 million this year, with a moderate increase in tourism income also projected, according to Başaran Ulusoy, the chairman of the Association of Turkish Travel Agencies (TÜRSAB).

Turkish consumers lost confidence in the economy in May after a brief recovery in their sentiments during March and April, a survey has shown.