Turkish exports advanced four percent year-on-year to reach almost $11.9 billion in April on the back of performances by the steel, automotive, mining and jewelry sectors, the country’s main exporters’ association said on May 1. The Turkish Exporters’ Assembly (TİM) said total exports in the first four months of the year also surged by 6.7 percent from the same period last year. Source Daily Hurriyet
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Growth in bank loans to euro zone companies set a fresh post-crisis high in April, even as a key money supply indicator, which often predicts future economic activity, dipped more than expected, fresh data from the European Central Bank showed on Monday. Corporate lending in the 19-country currency bloc grew by 2.4 percent in April, just above the previous month’s 2.3 percent but the highest rate since mid-2009. Source Reuters
A total of 120,000 Turkish construction companies are set to halt activities on June 9 to protest a skyrocketing rise in iron prices and a visible undersupply in the material. The protests are expected to last one month, according to sector representatives. Source Hurriyet Daily