Weekly Economic Bulletin 31.08.2026 - 04.09.2026

Executive Summary

Market Dashboard

FRIDAY, 4 SEPTEMBER 2026 CLOSE · COMPARISON: FRIDAY, 28 AUGUST 2026

▲ green = value increased     ▼ red = value decreased     ━ grey = unchanged

Official Indicators

TÜİK — releases of 31 August, 3 and 4 September

In the July 2026 labour force statistics released on 31 August, the unemployment rate rose to 8.1%; on the same day, annual GDP growth for the second quarter of 2026 was announced at 2.3% (1.1% quarter-on-quarter), while full-year growth for 2025 was announced at 3.7%.

The August 2026 CPI released on 3 September increased by 1.84% month-on-month and 31.51% year-on-year; the annual rate remained slightly below July's 31.75%. The Domestic PPI released on the same day rose by 2.57% month-on-month and 27.95% year-on-year.

On 4 September, TÜİK published the 2025 International Trade in Services Statistics (services exports of USD 124.9 billion and services imports of USD 61.9 billion) and the Indirect R&D Incentives statistics (TRY 169.0 billion, up 59.5% year-on-year, 11,835 enterprises).

TCMB — 3 September releases

In the Weekly Money and Banking Statistics (reference date: 28.08.2026), M1 money supply was announced at approximately TRY 11.43 trillion, total TRY deposits at TRY 20.72 trillion, and loans extended to domestic residents at TRY 27.15 trillion; this amount consists of consumer loans (TRY 6,896 billion), loans to non-financial corporations (commercial loans) (TRY 19,581 billion), and loans to financial institutions (TRY 673 billion).

In the Weekly Securities Statistics published on the same day, foreign investors made net equity purchases of USD 329.0 million, while recording net sales of USD 86.6 million in government domestic debt securities and USD 116.8 million in private-sector bonds; the equity stock rose to USD 43.26 billion (from USD 43.11 billion the previous week), and the overall net change across all securities, adjusted for price and FX effects, was +USD 73.5 million.

CMB, Ministry of Trade and BRSA — 3 September releases

In the CMB Weekly Bulletin (2026/56), approval was granted for the public offering of Net Global Endüstriyel Yatırımlar A.Ş., bonus share capital increases by Onur Yüksek Teknoloji and MHR GYO, and administrative fines were imposed on three individuals (Ufuk Bala Yücel, Emre Kaya and Eren Karamahmutoğlu, respectively) for market-disruptive actions involving shares of Şekerbank, Bak Ambalaj and Borusan Birleşik Boru Fabrikaları.

According to the August 2026 foreign trade data announced by the Ministry of Trade, exports amounted to USD 23.47 billion (up 8.1% year-on-year), imports to USD 28.71 billion (up 10.5% year-on-year), and the foreign trade deficit to USD 5.24 billion; cumulative exports for January-August reached a historic high of USD 185.0 billion.

According to the BRSA's weekly banking sector data (as of 28.08.2026), total loans increased by TRY 294.3 billion week-on-week to TRY 28,028.6 billion, total deposits increased by TRY 130.5 billion to TRY 32,447.0 billion, and non-performing loans reached TRY 844.9 billion.

Table 1 — Official data released during the week (31 August – 4 September 2026)

Regulatory Calendar

Economic Agenda

Credit ratings

This week, Moody's, Fitch, S&P Global Ratings, Scope Ratings, JCR and R&I had no scheduled or unscheduled rating action regarding Türkiye.

Foreign investor activity

According to the TCMB's weekly securities statistics (reference date: 28.08.2026), the equity stock held by foreign investors increased by USD 150 million from the previous week to USD 43.26 billion; adjusted for price and FX effects, net purchases in equities amounted to USD 329.0 million, while net sales in government domestic debt securities amounted to USD 86.6 million.

Companies

In the CMB Weekly Bulletin dated 3 September 2026 (2026/56), approval was granted for the public offering of Net Global Endüstriyel Yatırımlar A.Ş. (at a fixed price of TRY 25.52), the bonus share capital increases of Onur Yüksek Teknoloji A.Ş. (TRY 188.49 million) and MHR GYO (TRY 620.25 million), and various bond/commercial paper issues by companies. The same bulletin also announced that administrative fines had been imposed on three individuals (Ufuk Bala Yücel, Emre Kaya and Eren Karamahmutoğlu) for market-disruptive actions involving shares of Şekerbank, Bak Ambalaj and Borusan Birleşik Boru Fabrikaları, and that criminal complaints had been filed against those providing unauthorised crypto-asset services.

Global framework

According to the Federal Reserve's official calendar, there was no scheduled FOMC meeting this week; the next meeting will be held on 15-16 September 2026. The ECB Governing Council also had no scheduled meeting this week; its next meeting will be held in Berlin on 9-10 September 2026. According to August data announced by the Ministry of Trade, despite an 8.1% increase in exports, imports grew by 10.5%, bringing the foreign trade deficit to USD 5.24 billion.

Next Week's Calendar

Table 2 — Week of 7-11 September 2026 and thereafter

SENTENCE OF THE WEEK

Sources

This bulletin is for general information purposes only and does not constitute investment advice or regulatory consultancy. The data have been compiled from official sources.