Economic history
China factory output, retail sales weak
China's factory output and retail sales remained weak in May, official data showed yesterday, with tepid demand and lingering COVID restrictions putting a damper on growth in the world's second-largest economy.
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Industrial production increased 11 percent in April
Industrial production that increased by 9.8 percent in March rose by another 10.8 percent on an annual basis in April, while retail sales grew nearly 15 percent, the Turkish Statistical Institute (TÜİK) said yesterday.
The country's industrial output grew 7.6 percent and 13.3 percent in January and February, respectively.
Exports increase 15 percent in May to $19 billion
Turkey's exports increased by 15.2 percent on an annual basis to stand at $18.97 billion in May, preliminary data from the Trade Ministry showed on June 2.
The increase in the country's imports, which amounted to $29.65 billion last month, was faster at 43.8 percent.
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Confidence in economy improves in May
The economic confidence index gained 2.1 percent in May from April to stand at 96.7, the Turkish Statistical Institute (TÜİK) said on May 26.
Any index figure above the 100-threshold indicates optimism.
The index declined for three consecutive months between February and April.
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Exports rise 20 pct to $22.7 billion in March
Turkey's exports rose by 19.8 percent in March from a year earlier to stand at $22.7 billion, official data have shown.
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Russia sees its oil output falling by up to 17% in 2022
Russian oil output started to decline in March and had fallen by around 7.5% by mid-April
The wager of new bond issues
The P.D.M.A. is waiting for a positive signal to take the new step for a new bond issue. That might be given by Standard and Poor's (S&P) today, Good Friday.
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Exporters to benefit from loan package: Minister
Businesses that earn revenues in foreign currencies, particularly exporters and tourism companies, will be granted cheap loans, Treasury and Finance Minister Nureddin Nebati said at a meeting in the Black Sea province of Samsun on April 15.
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Industrial production increased over 13 pct in February
Turkey's industrial production rose by 13.3 percent on an annual basis in February, gathering pace from the 7.6 percent year-on-year increase recorded in the previous month, data from the Turkish Statistical Institute (TÜİK) have shown.
The February reading was also above the 8.9 percent rise in the country's industrial output in February 2021.
US slightly revises up its GDP estimate for Q4 to 7 percent
The U.S. economy ended 2021 by expanding at a brisk 7 percent annual pace from October through December, the government reported Thursday in a slight upgrade from its earlier estimate as businesses stepped up their restocking of supplies.