WEEKLY AGENDA
GLOBAL DATA
GERMANY CPI
TUESDAY 9AM
The Federal Statistical Office of Germany will announce June consumer price index (CPI) data. Annual inflation rose to 2.5% in May, the highest since September 2011.
U.S. CPI
TUESDAY 3:30PM
U.S. Bureau of Labor Statistics will announce the June consumer price index (CPI). Consumer prices rose by 0.6% in May compared to the previous month while annual inflation increased above the 4.7% expectation to 5%.
JAPAN INDUSTRIAL PRODUCTION
WEDNESDAY 9AM
The Japan Ministry of Economy, Trade and Industry will announce the May industrial production numbers. Industrial production in Japan increased by 2.9% and 15.80 on a monthly and annual basis, respectively.
CHINA GDP
THURSDAY 5AM
National Bureau of Statistics of China will announce second quarter economic growth numbers. China’s economy grew by 18.3% in the first quarter of the year, compared to the same month of the previous year.
U.S. CAPACITY UTILIZATION
FRIDAY 4:15PM
The Federal Reserve will announce June capacity utilization rates. Capacity utilization for manufacturing increased by 0.7 percentage points to 75.6% in May. DOMESTIC DATA HOUSE SALES
MONDAY 10AM
Turkish Statistical Institute (TurkStat) will announce June house sales statistics. House sales in May increased by 16.2% to 59,166 compared to the same month of the previous year, while monthly sales decreased by 38.2%.
LABOR FORCE STATISTICS
MONDAY 10AM
The Turkish Statistical Institute (TurkStat) will announce May labor force statistics. The number of unemployed people aged above 15 rose by 250,000 to 4.2 million in April, while the unemployment rate stood at 13.4.
TURNOVER INDICES
TUESDAY 10AM
Turkish Statistical Institute (TurkStat) will announce May turnover indices. The total turnover index including industry, construction, trade and services sectors increased by 96.9% on an annual basis in April.
ESTABLISHED AND LIQUIDATED COMPANIES
FRIDAY 10AM
The Union of Chambers and Commodity Exchanges of Turkey (TOBB) will announce June established and liquidated companies data. The number of newly-established companies increased by 32.3% in the first four months of the year while the number of closed companies decreased by 11.4% during the same period.
ECO̞POLITICS
CHP CENTRAL EXECUTIVE BOARD MEETING
Republican People’s Party (CHP) Central Executive Board members are expected to gather on Monday with the participation of the party’s president Kemal Kilicdaroglu.
TRNC VISIT
President Recep Tayyip Erdogan will visit the Turkish Republic of Northern Cyprus on July 20 in honor of the 47th anniversary of the Cyprus Peace Operation. The president is expected to make a statement regarding Cyprus and the Eastern Mediterranean issues.
PARLIAMENTARY SESSIONS
The 27th term of the 4th legislative year in the Turkish Parliament is expected to be completed this week. The 4th Judicial Package and the proposal of the Law on the Protection of Animals are enacted and the parliament plans to discuss the proposal that is expected to be submitted to the Parliament with the bill amending the Tourism Encouragement Law on its agenda next week. The parliament aims to discuss the two proposals and take a recess until October.