Against expectations, the failed coup attempt has positively affected Turkish exports. Last week saw a significant increase in exports and new export orders. Industrialists think the quelling of the coup attempt has increased confidence in Turkey. While markets were unsteady in the aftermath of the coup attempt on July 15 by military officers loyal to U.S.-based, fugitive imam Fethullah Gülen, the real sector has managed to survive the process with minimal damage. Performance by exporters has been especially noteworthy.Exports worth $2.4 billion were made in the first week following the attempt, a 16 percent increase compared to the week before. Data can develop serious deviations during the weeks following holidays, and the amount exported in the second week following last year's Bayram holiday was $2.4 billion. Clear sailing was not limited only to current operations, as exporters report no decrease in the number of orders, but rather a significant increase in the number of orders, especially in the apparel sector.
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