Macroeconomics

Current account deficit continues to narrow for 4th straight month

Turkey's current account balance posted a deficit of $1.127 billion in June, down $1.95 billion from the same month last year, the Turkish Central Bank announced on Aug. 13.

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With June figures, the current account deficit continued to narrow for the fourth month in a row.

Industrial Output Grows by 1,5% in Bulgaria Y/Y

 In May 2021, industrial production in Bulgaria grew by 15.1 per cent compared to May 2020, reads the latest Monthly Report on Bulgarian Economy released by the Economy Ministry on Thursday. Growth continued to be driven by the manufacture  of  motor  vehicles, trailers  and   semi-trailers, of machinery and equipment, and of metal   products.

Istanbul retail prices up 1.5 pct in July

Retail prices in Istanbul, Turkey's largest city by population, rose 1.52 percent month-on-month in July, data from the Istanbul Chamber of Commerce (İTO) have shown.

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Housing expenses increased by 4.67 percent last month from June while the increase in food prices in the country's commercial and financial center was 1.15 percent.

Annual inflation in July at 2% due to more expensive fuel

Ljubljana – Annual inflation in Slovenia in July ran at 2%, mostly on the account of more expensive petroleum products, while monthly inflation was at 0.4%, the Statistics Office reported on Friday.

Petroleum products accounted for 1.2 percentage points of the annual inflation rate in July, as the prices of liquid fuels were up by 25.2%, diesel by 29.2% and petrol by 24.4%.

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