Dr Fulya Gürbüz: Valuable data announced at the end of the week

Purchasing Power Parity in Turkey The GDP per capita index (EU27=100) compared to (PPP) increased by 9% annually and reached 73 in 2023, ranking 29th out of 37 countries. In April Agriculture-GFEIt accelerated to 1.7% monthly and 52.2% annually. Foreign-PPIIt slowed down to 0.4% monthly in May and increased by 65.5% annually.

CPI in JapanIt accelerated to 0.5% monthly and 2.8% annually in May, core CPI accelerated to 2.5% annually. According to the first allegations in June manufacturing PMI(threshold 50) slowed to 50.1, services PMI fell to 49.8. Even though the increase in core CPI supports the possibility of BOJ increasing interest rates, we will continue to monitor economic activity.

In the EurozoneManufacturing PMI fell to 45.6 in June, while services PMI slowed to 52.6. in englandManufacturing PMI accelerated to 51.4 in June, while services PMI slowed to 51.2. Total productionIn June, it slowed down in Australia, Japan, Germany, the Eurozone and the UK, and accelerated in India. PricesIt accelerated in Japan, India and the UK, and slowed down in the Eurozone and Australia. Eurozone information strengthened the expectations that the ECB will remain on hold in the 3rd quarter.

Retail sales in the UKIn May, it accelerated to 2.9% monthly and increased by 1.3% annually. Considering the PMI data, we can say that the BOE will continue to remain on hold.

in the USAJune PMI first claims, May existing home sales and Conference Board Leading Economic Index (LEI) monthly change (TSI1700) will be announced.