Exports continue to decline in June with no prospects of recovery

Turkey's exports continued to slide further, by 32.78 percent to $8.1 billion, in June 2009 over the same month of the previous year, the Turkish Exporters Assembly (TİM) has announced. The most recent data were announced yesterday in the southeastern Anatolian province of Mardin at a press conference convened by TİM President Mehmet Büyükekşi. According to TİM figures, widely respected as the semi-official institution that keeps track of every penny earned out of sales abroad, the cumulative number reached $43.87 billion in the first half of the year. Meanwhile, annual exports as of the end of June were down 15.51 percent over the same period a year ago, at $104.4 billion. The manufacturing industry, which accounted for 85.6 percent of all exports, logged $6.95 billion sales in the sixth month, marking a 35.36 percent... [read full story]                    

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