WOOD Flash – Turkey macro: CPI jumps on energy, but early signs of improvement
Headline inflation rose by 1.7% mom and 15% yoy in January, up from 14.6% in December 2020 and above the consensus expectations of 14.7% yoy, but in line with our expectations.The breakdown shows a pick-up in energy inflation – including transport costs – as well as continuing brisk food inflation. Both trends are in line with what we had anticipated, and are likely to worsen in the next three months, taking the peak inflation rate potentially as high as 16.5% in April. We expect inflation to decelerate thereafter, ending the year at 10%.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.