Turkish Statistics Institute

Turkey and Algeria are seeking to forge closer business ties to boost bilateral trade volume to $5 billion while agreeing to jointly build a petrochemicals plant in the Turkish province of Adana.

The size of Turkey's retail sector reached 1.1 trillion Turkish Liras ($193 billion), according to a report by audit and consultancy firm KPMG Turkey.

The industry contracted in the first three quarters of 2019 by 5.3 percent, 3.9 percent and 1 percent, respectively last year.

The initial indicators suggest a recovery in 2020, the report added.

Emlak Konut Real Estate Investment Company targets 1.13 billion Turkish Liras(around $190 million) of net income this year.

The developer hopes to collect a total of 5.12 billion liras in revenues, excluding value added tax, from unit sales in 2020, Emlak Konut said in a filing with Borsa Istanbul on Jan. 21.

Turkey's calendar-adjusted industrial production soared 5.1 percent in November 2019 compared to the same month of the previous year, the Turkish Statistics Institute (TÜİK) has said.

That followed a 3.9 percent increase in industrial production in the previous month.

Retail prices in Istanbul, Turkey's largest city, increased 1.07 percent in June from the previous month, data from the Istanbul Chamber of Commerce (İTO) have shown.

That followed a 0.45 percent increase in November.

The number of residential properties sold in Turkey jumped 55.5 percent year-on-year in November, reflecting the positive impact of the substantial rate cuts the Central Bank has delivered this year.

Since the start of 2019, the Central Bank has slashed the key one-week repo rate- by a total 1,200 basis points to 12 percent down from 24 percent.

Turkey achieved Maastricht criteria with its government accounts in 2018, according to data the Turkish Statistics Institute (TÜİK) released on Oct. 23.

Average life expectancy at birth for a Turkish citizen increased to 78.3 years in the 2016-2018 period, the Turkish Statistics Institute (TÜİK) said on Sept. 24.

Istanbul last year was the region with the highest annual average household disposable income with 34,912 Turkish Liras (around $6,100), data from the Turkish Statistics Institute (TÜİK) showed on Sept. 23. 

Most of households' spending in 2018 went to housing/rent, food and transportation, data from the Turkish Statistics Institute (TÜİK) showed on July 26.