Introduction to Türkiye’s Economic Calendar
Türkiye’s economic calendar is packed with important events in October. The country will release a series of data and policy announcements, including trade and inflation figures, the 2026 budget, and a crucial central bank rate decision.
Upcoming Economic Events
The Trade Minister, Ömer Bolat, will kick off the data releases by announcing September’s foreign trade figures. In August, exports declined by 0.9% to $21.8 billion, while imports dropped by 3.9% to $25.96 billion. This led to a decrease in the foreign trade deficit by 16.7% to $4.17 billion, the lowest level in 46 months.
Inflation Data
The Turkish Statistical Institute (TurkStat) will release September inflation data. In August, consumer prices rose by 2.04% from the previous month, and producer prices climbed by 2.48%. Annual inflation slowed to 32.95%, the lowest in nearly four years. A survey estimates that annual inflation dipped to 32.5% in September, with a monthly rate of 2.6%, driven by hikes in education and food prices.
Central Bank Governor’s Presentation
Central Bank of Türkiye (CBRT) Governor Fatih Karahan will make a presentation before the Parliament’s Planning and Budget Committee. He is expected to brief lawmakers on the economy, inflation, and the monetary policy outlook. The central bank has been closely watching food and services-related inflationary pressures.
Release of Industrial Production Figures
The TurkStat will announce August industrial production figures. Output had fallen by 1.8% in July but rose by 5% compared to the previous year. Construction cost, trade sales volume, and turnover indices for August will follow. The central bank will release August balance of payments data, which posted a current account surplus of nearly $1.78 billion in July.
Budget and Labor Market Data
The Treasury and Finance Ministry will announce September budget results. Labor market data for September is scheduled for release, while third-quarter tourism statistics will be released on October 31. Türkiye’s tourism income in the second quarter rose by 8.4% year-over-year to $16.3 billion.
Budget Marathon and MPC Meeting
Preparations for Türkiye’s 2026 budget are underway. The draft budget law will be submitted to Parliament, and lawmakers are expected to debate the proposal. The CBRT’s Monetary Policy Committee (MPC) meeting will be closely watched, as the bank cut its benchmark policy rate for the second consecutive month in September.
Conclusion
Türkiye’s economic calendar is set for a busy October, with key data and policy releases that will impact the country’s economy. The central bank’s rate decision and the release of inflation data will be closely watched by analysts and investors. As the country navigates its economic challenges, the upcoming events will provide valuable insights into Türkiye’s economic outlook.
