In November, economic conditions in the Turkish industry did continue to degrade, although at a smoother rhythm than the previous month: from 49.0 in October, the Istanbul Chamber of Industry Purchasing Managers ' Index (PMI) increased to 49.5.
In November, Turkish consumer prices increased by 0.38% month-on-month, significantly below the 2.00% rise of the previous month and marking a 5 month minimum. November's smoother increase was guided by lower food and non-alcoholic beverage price rises; transportation; housing and utilities; and garments and shoes.
The government has published a new 2020-2022 economic agenda with aggressive growth goals in the midst of rising geopolitical tensions. While geopolitical tensions eased mostly at the end of October, questions remain about the economic prospects of Turkey and the high growth ambitions of the state.
At its meeting of the Monetary Policy Committee (MPC) on 12 September, Turkey's Central Bank lowered the one-week repo rate by 325 basis points,
Turkish consumers confidence fell to a four-month low 55.9 in September 2019, bringing it down from 58.4 in August 2019. That index has again lowered from the 100 threshold that divides optimism from pessimism