World Bulletin / News Desk
The number of new vehicles registered in Turkey was up 33.4 percent year-on-year in November 2016, reaching 129,360, the country's statistics authority TurkStat said Tuesday.
The overall number of registered vehicles traveling Turkish roads in the first 11 months of last year was up 0.55 percent to reach 21 million, according to TurkStat.
Motor vehicle registration in the country also increased 32.1 percent in November compared to the previous month.
In terms of distribution of model brands for new registered cars in November, 13.2 percent were Volkswagen, 9 percent Renault, 7.5 percent Opel, 7 percent Toyota, 6.7 percent Mercedes-Benz, 6.5 percent Hyundai, 6.4 percent Fiat, 5.3 percent Dacia, 5.1 percent BMW, and 4.1 percent Nissan. Other brands accounted for 29.1 percent.
In November, out of the total vehicles in Turkey, automobiles enjoyed the lion's share with 68.6 percent of new registrations, while small trucks accounted for 14.3 percent. Motorcycles came in third at 7.8 percent.
Turkish economy minister says growth will 'most likely' surpass 7 percent in first quarter of 2018
Net profit at the Frankfurt-based group fell 79 percent year-on-year to 120 million euros ($146 million).
BIST 100 index falls by over 2 percent at close, going down some 2,600 points from previous close
Policy rate, also known as one-week repo rate, remains same at 8 percent; lending rate rises 0.75 percent points
BIST 100 increases 0.29 percent; US dollar/Turkish lira exchange rate stands at 4.0850
Local units operating in manufacturing industry work at 77.3 pct capacity in April, says Central Bank
Public sector net borrowing falls by 3.5 billion pounds in 2017-18 financial year, says Office of National Statistics
Indices for service, retail trade, construction sectors fall in current month compared with March: Official data
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.