Important Economic Developments to Follow This Week

Historical developments in the week ending January 8 affected the markets. So what are the important economic developments to follow in the markets this week? Here are the details.. We have compiled for you the economic indicators and expectations to be followed in the markets during the trading week between 11-15 January. Here are the details..   Monday, January 11 November current account deficit and October unemployment rates will be shared domestically. However, the current account balance, which had a deficit of 2.737 million dollars in October and 33.8 billion dollars in the first 10 months of the year, is expected to have a deficit in November. During the period when layoffs were prohibited due to the coronavirus epidemic, the unemployment rate fell below 13 percent. On the other hand, the fact that many businesses and places connected to the service sector are closed within the scope of coronavirus measures causes difficulties in employment to continue. Statistically, the decrease in the unemployment rate may continue, but especially the rise in the number of unemployed young people is at the highest level of recent years.   Wednesday, January 13 The rate of industrial production in the country for November will be announced. Industrial production, which has recovered after the epidemic, is expected to increase by 9 percent annually in November. It is estimated that retail sales will increase over 10 percent annually at the same time. Industrial production, which has not yet earned after the epidemic, in the Euro Zone is expected to continue to shrink by -3 percent in November. The CPI, which has seen below 1 percent level after the coronavirus epidemic in the USA, has decreased by an average of 1.2 percent in recent months, and is expected to complete the year below 1.5 percent. The core inflation target in the country is seen as 2 percent in the medium term. On the other hand, the expectation for an increase in inflation is high and this data will be monitored closely in the first 3 months of 2021.   Thursday, January 14 Weekly bank and money statistics will be shared within the country. Residents' foreign currency accounts and foreign investor inflows broke a record in the last week of 2020. These data stand out as indicators to be monitored closely. The data series that will also share the change in the center's reserves will be announced at 2:30 pm. In the Eurozone, the ECB's December meeting will take place. It is expected to focus on risks at the meeting, where it was reported that there was no change in the policy, where monetary support continues. In the USA, weekly unemployment pension applications will be monitored. The latest employment figures for 2020, shared last week, had the worst post-epidemic period. With the sectors closed due to the tightening of coronavirus measures, there was a serious decrease in ADP and non-agricultural employment. On a weekly basis, the change in the applications that could not fall below the 800 thousand level is seen as an extremely important development for the next month's employment measurements.   Friday, January 15 The budget balance for December in the country will be announced by the Ministry of Treasury and Finance. The budget had a surplus of 13.4 billion TL in November, whereas it had a deficit of 132 billion 53 million TL in the January-November period. Even during the epidemic, the Eurozone trade balance, which gives a surplus, data for November will be monitored. In the USA, data flow will be very busy on Friday. After the announcement of the CPI figures, the PPI will be announced. Retail sales are expected to decline in December after November. It is estimated that industrial production, which increased in the October-November period, will increase 0.4 percent per month in December and production production will increase 0.6 percent per month. Michigan Consumer Sentiment, which consumers evaluate the economic outlook, is expected to exceed 81.0 in December 2020.