Turkish Press Digest - Nov 13, 2022

Today, a bomb attack occurred in İstiklal Street, Beyoglu. So far, 6 people lost their lives in the attack. 81 people were injured, 2 of them are in serious condition. President Erdogan and Vice President Oktay both said in their statements that they focused on the possibility that it was a terrorist attack. We send our condolences to the relatives of those who lost their lives in the attack and to all the people of Turkey. We strongly condemn terrorist attacks. We wish the injured people a quick recovery. Our weekly press digest is following. We kept the digest shorter than usual for once.

According to data from the Central Bank of the Republic of Turkey, Turkey’s current account balance posted a deficit of $2.97 billion in September. [Our latest macro post was about short-term dynamics of Turkish current account balance – G.C.] – BloombergHT

Turkish Statistical Institute (Turkstat) announced industrial production data for September. Accordingly, industrial production fell by 1.6 percent on a monthly basis, more than the forecasts. On an annual basis, it increased by 0.4 percent, thus recording the weakest increase since the pandemics on an annual basis – BloombergHT

Construction cost index increased by 1.57 percent on a monthly basis and by 119.83 percent on an annual basis in September – TRT Haber

According to the data published by Turkish Statistical Institute (Turkstat), the unemployment rate rose by 0.3 points to 10.1 percent in September. Thus, the unemployment rate, which fell to 9.8 percent in August for the first time in 4 years, went back to double digits – BloombergHT

According to the data published by Turkish Statistical Institute (Turkstat), retail sales volume increased by 9.7% annually, by 1.8% monthly in September. Retail turnover increased by 130.8% annually, 5.0% monthly in that month – BloombergHT

According to the data announced by the Istanbul Chamber of Industry (ISO), the Manufacturing Industry Export Climate Index decreased to 47.9 in October – TRT Haber

Budget cash balance, which gave a deficit of 79.3 billion TRY in September, gave a deficit of 72 billion TRY in October - BloombergHT

In the first 10 months of this year, total automotive production increased by 5 percent compared to the same period of the previous year, while automobile production decreased by 0.3 percent – Dünya

The mandate of the Patriot missile defense system stationed in the province of Adana, which Spain sent to contribute to Turkey's air defense, was extended until June 2023 – Dünya