Following the Ramadan holiday, the economic management’s agenda will pick up speed. April will kick off with inflation figures taking the spotlight. External trade data and the Central Bank’s interest rate decision will be among the prominent headlines. The Turkish Statistical Institute (TÜİK) will announce the inflation data for March on April 3rd. The Consumer Price Index (CPI) had increased by 2.27% on a monthly basis in February, while the Domestic Producer Price Index (Yİ-ÜFE) rose by 2.12%. The annual inflation rate stood at 39.05% for consumer prices and 25.21% for domestic producer prices. On the same day, the Ministry of Trade will reveal the foreign trade data for March. The country’s export figures reached 41.9 billion dollars in the first two months of the year, showing a 2.1% increase compared to the same period last year, with February’s exports totaling 20.8 billion dollars. TÜİK will disclose the real return rates of financial investment instruments for March on April 8th. When adjusted with the consumer price index, gold bars had the highest monthly real return rate in February at 7.76%. Budget figures will be unveiled on April 10th, including the results of the industrial production index for February. In January, the monthly production index had decreased by 2.3% but increased by 1.2% annually. The Central Bank of the Republic of Turkey (CBRT) will announce the balance of payments statistics for February on April 14th. While the country’s current account recorded a deficit of 3.795 billion dollars in January, there was a surplus of 2.403 billion dollars in current transactions, excluding gold and energy. The Ministry of Treasury and Finance will present the budget implementation results for March, revealing the first-quarter budget outcomes. The central government’s budget revenues for February were set at 723.425 million liras, with expenditures reaching 1.033517 trillion liras. On April 16th, TÜİK will share the agricultural producer price index for March and the housing sales statistics for the month with the public. The interest rate decision will be announced on April 17th following the meeting of the Monetary Policy Committee of the CBRT. In the interim meeting on March 20th, the committee had raised the overnight lending rate to 46%, underlining that a tightening monetary policy stance would be adopted in case of a significant and lasting deterioration in inflation. From April 17th to 20th, the International Economic Summit will be held in Sapanca under the theme “Changing global realities and the future 5.0”. The summit’s opening speech is expected to be delivered by the Minister of Treasury and Finance, Mehmet Şimşek. The event will include discussions on new investments and opportunities, the transformation of the global economy, a new era in EU and German relations, the future of defense technologies, cross-border opportunities in e-commerce, new strategies in exports, and artificial intelligence. On April 18th, TÜİK will announce the data on motor vehicle registrations for March, indicating an increase in the total number of vehicles following 136,810 new registrations and 3,338 cancellations in February. The institute will reveal the foreign producer price index for March and the agricultural input price index for February on April 21st. TÜİK will share the results of the consumer confidence index for April on April 22nd, along with domestic tourism data for the fourth quarter of 2024. On April 24th, the CBRT will disclose the economic tendency indicators and real sector confidence index for the month, as well as the manufacturing industry capacity utilization rates. Economic confidence index data for April will be announced on April 29th, having exceeded the reference value by reaching 100.8 with a 1.6% monthly increase in March. TÜİK will also release the labor force statistics for March on April 29th, where the number of unemployed people had decreased by 95,000 in February to reach 2.886 million individuals, resulting in an unemployment rate of 8.2%, down by 0.2 percentage points.
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