Construction, Exports Drive Q2 Growth

TURKEY - Report 11 Sep 2017 by Murat Ucer

Turkish economy expanded at a broadly expected 5.1% rate in Q2, y/y, after a similar performance in Q1 (of a slightly upwardly-revised 5.2%). In quarterly/sequential terms, growth accelerated to 2.1% in Q2, up from previous quarter’s 1.3% rate.

On the expenditure side, based on year-on-year data, the key growth drivers were private consumption (3.2%), investment (9.5%) and exports (10.5%), while government consumption contracted in Q2. As for contributions, private consumption added almost 2 percentage points (pps) to overall GDP growth, with total investment and net exports adding some 2.9 pps and 1.7 pps, respectively.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.