In addition to unemployment figures, which closely concern the markets, industrial production and budget balance data will be announced one after the other. Housing sales are among the data to be announced in the new week. On Thursday, eyes will be on the Central Bank.
THE METHOD OF UNEMPLOYMENT CALCULATION HAS CHANGED, THE FIGURES WILL BE ANNOUNCED BY MONTHLY IN PLACE OF THREE MONTHS
Since March 10, TURKSTAT has started to announce unemployment data monthly, not quarterly. In addition, changes were made in the calculation of the number of unemployed. TUIK's unemployment data will be announced at 10 o'clock this morning. In January 2021, the number of unemployed people aged 15 and over across the country decreased by one thousand people compared to the previous month and reached 3 million 861 thousand people. Unemployment rate realized as 12.2 percent with 0.4 percentage point decrease. The rate of idle workforce consisting of time-dependent underemployment, potential workforce and unemployed was 29.1 percent.
INTEREST INCREASED, PRESIDENT CHANGED, PRESIDENT CHANGED INTEREST INCREASED ...
Another important data of the new week will be industrial production. The February data, which will be announced by TURKSTAT, will be announced on Tuesday at 10:00. Industrial production increased 11.4 percent in January compared to the same month of the previous year and 1 percent compared to the previous month. The most important decision of the new week, which will affect the markets closely, will be the interest rates to be announced by the Central Bank.
The policy rate was raised by 200 basis points last month, above market expectations, and then President Naci Ağbal was dismissed. Former AKP deputy Şahap Kavcıoğlu was appointed to replace Ağbal, who was in office for about 4 and a half months. Budget balance and house sales are also among the important data that will be announced this week.