30.07.2025 18:32
The Turkish economy is entering August with a busy data agenda. Inflation and growth figures, the Central Bank's Inflation Report, budget balance, unemployment, industrial production, foreign trade, and housing sales are among the many critical topics that will be announced this month. Collective bargaining negotiations for civil servants and global developments will also be decisive for the markets.
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The Turkish economy is entering August with a busy data agenda. Both macroeconomic data such as inflation and growth, as well as the new Inflation Report to be announced by the Central Bank will be on the market's radar. Trade Minister Ömer Bolat will announce the July foreign trade data to the public at a meeting he will hold in Samsun on August 2. It is worth recalling that in June, exports had increased by 8% to reach 20.5 billion dollars. Minister Bolat had described this increase as "the highest monthly growth rate in the last year."
CONSUMER PRICE INDEX DATA WILL BE ANNOUNCED ON AUGUST 4
The Turkish Statistical Institute (TÜİK) will announce the inflation figures for July on August 4. In June, the monthly CPI had increased by 1.37%, and the annual inflation rate had reached 35.05%. Budget data related to R&D expenditures will also be published on the same days.
INDUSTRIAL PRODUCTION, CONSTRUCTION COSTS, AND TRADE INDEXES ON AUGUST 11
The industrial production index for June will be announced on August 11. The construction cost index will also be released on the same day. Trade sales volume, revenue, and foreign trade data will be presented to the public on August 12.
CURRENT ACCOUNT DEFICIT DATA COMING ON AUGUST 12
The Central Bank of the Republic of Turkey (TCMB) will announce the balance of payments statistics for June on August 12. In May, a current account deficit of 684 million dollars was recorded, while a surplus of over 4 billion dollars was achieved excluding gold and energy.
HOUSING SALES AND AGRICULTURAL INDEX WILL ALSO BE ANNOUNCED IN AUGUST
TÜİK will share the housing sales statistics for July on August 13, and the producer price index for agricultural products on August 14. On August 15, the number of paid employees and the service and construction production indices will be announced.
CENTRAL GOVERNMENT BUDGET WILL BE REVEALED ON AUGUST 15
The Ministry of Treasury and Finance will also announce the results of the central government budget implementation for July on August 15. The budget deficit had exceeded 330 billion lira in June.
UNEMPLOYMENT AND CONFIDENCE INDEXES WILL FOLLOW EACH OTHER
The labor force statistics for the second quarter of the year will be announced on August 19, while agricultural input prices and the foreign producer price index will be announced on August 20. The consumer confidence index will be released on August 21. On August 25, the service, retail trade, and construction confidence indexes will be announced, and the July labor force data will be released on August 29.
GROWTH DATA WILL BE ANNOUNCED ON SEPTEMBER 1
The Gross Domestic Product (GDP) data for the second quarter of the year will be revealed on September 1. The Turkish economy had recorded an annual growth of 2% in the first quarter.
THE CENTRAL BANK'S INFLATION REPORT ON AUGUST 14
TCMB President Fatih Karahan will share the third Inflation Report of the year with the public on August 14. The content of the report is critically important in terms of the direction of monetary policy. Karahan had previously announced the inflation forecast for the end of 2025 as 24%.
PUBLIC EMPLOYEES' EYES ON THE COLLECTIVE BARGAINING TABLE
Another critical topic for August concerns public employees. The 8th Term Collective Bargaining Negotiations for the 2026-2027 period will take place this month. Minister of Labor and Social Security Vedat Işıkhan had stated that new gains are targeted for public employees and retirees.
MARKETS WILL ALSO MONITOR GLOBAL DEVELOPMENTS
In addition to the data agenda, global developments such as the Russia-Ukraine War and the trade policies of the USA will also be decisive in market pricing. Turkey's hosting of talks between the parties is noteworthy.
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