Vehicle production down 7 percent y/y in April
Turk sh government tr es to address a recent sharp decl ne n house sales n the run-up to elect ons on June 24. Turkey’s auto product on edged down by 7 percent y/y to 138,504 un ts n Apr l, follow ng growth of one percent y/y n March and two percent y/y n February, data from the Turk sh Automot ve Manufacturers’ Assoc at on (OSD) showed on May 14. Across January-Apr l, total veh cle product on sl ghtly decl ned by two percent y/y to 563,695 un ts wh le passenger car product on fell 7 percent y/y to 375,957 un ts. Total veh cle sales on the domest c market edged down by 0.4 percent y/y to 236,804 n January-Apr l wh le export revenues rose by 20 percent y/y to $11.3 b ll on desp te a two percent y/y decl ne to 461,495 un ts n sales abroad. to 9.48 percent n March, the lowest level recorded s nce March 2011, data from the Central Bank showed on May 17. The posted growth fell below annual CPI nflat on last September and subsequently stayed lower than the nflat on nd cator for the follow ng seven months. Turkey’s annual consumer pr ce nflat on rose to 10.85 percent n Apr l, the h ghest level recorded th s year, from 10.23 percent n March.