Turkey’s Central Bank will announce the second inflation report of the year on Thursday

Eyes will be on economic data in the new week. The Central Bank will announce the second inflation report of the year on Thursday. In this context, year-end inflation forecasts will be revealed. Unemployment, foreign trade, and industrial production index will stand out in the data calendar of the Turkish Statistical Institute (TÜİK).

On Thursday, all attention is expected to be on the Central Bank’s announcement of the second inflation report of the year. Accordingly, Central Bank President Fatih Karahan will share the year-end inflation forecasts. Karahan’s evaluations of the economic situation will also be the focus of the markets.

The real return rates of financial investment instruments for April will be announced on Wednesday. The investment instruments that provide the highest returns on a monthly and annual basis will be revealed.

Foreign trade indices for March and industrial production index figures will be announced

On Thursday, foreign trade indices for March will be announced, and on Friday, industrial production index figures for March will be announced. These data, which monitor the pulse of production, will shed light on the growth outlook. Industrial production recorded an annual increase of 11.5 percent in February.

Unemployment rate data will be announced

Another important data to be announced this week will be the unemployment rate. TÜİK will announce the labor force statistics for March on Friday. The unemployment rate in Turkey decreased to 8.7 percent in February. The number of unemployed decreased by 109 thousand people to 3 million 78 thousand during this period. With the effect of implemented policies, a further decrease in unemployment is expected to continue.