Turkey: Activity accelerates further
Published on Friday, September 8, 2017
Turkey: Activity accelerates further
Summary
Industrial production in July grew by 14.5% yoy (cal.adj.). Our monthly GDP indicator (GBTRGDPY index at Bloomberg) nowcasts 5.1% GDP growth for 2Q and hints even higher performance for 3Q. Considering also an acceleration in 3Q with both base impact and enhanced activity, we believe that the risks on our 5% GDP growth expectation for 2017 are clearly on the upside.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Asuman Kemiksiz
Seda Guler Mert
BBVA Research - Principal Economist
Gizem Onen
Documents and files
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