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Published on Friday, December 9, 2016

Turkey: Activity starts to recover

Summary

The industrial production (IP) grew by 2% (WDA YoY) in October in line with our forecasts (2%) but slightly above the market call (1.5%). After contracting by 3.2% in the 3Q, IP’s return to growth, although slightly, confirming our expectations of a still modest recovery in 4Q.

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turkey-activity-pulse_dec16

English - December 9, 2016

Authors

UK
Ugur Kucuk
SG
Seda Guler Mert BBVA Research - Principal Economist
AK
Asuman Kemiksiz
GO
Gizem Onen
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