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June 8, 2010 -

The Turkish Newsletter June 8th, 2010

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During the last two weeks, the Turkish economy was highlighted by the following items:

  • CPI index decreased by 0.4%m/m in May10 for the first time since Aug09. The annual rate came back to single digit (+9.1%).
  • Industrial Production increased by 17%y/y in April10.
  • Foreign Trade deficit widened by US$5.4bn in April10, up by 110% on y/y terms.
  • Turkey – Israel relations came under great pressure following a bloody clash between the Israeli Army and a Turkish-sponsored “Free Gaza” fleet that caused the death of nine Turkish activists.
  • The Turkish Newsletter June 8th, 2010 (PDF) (112 ko)