Turkey | Economic activity moderates
Published on Friday, May 18, 2018
Turkey | Economic activity moderates
Summary
The Industrial production (IP) grew by 7.6% yoy in calendar adjusted terms (Consensus: 7.2% vs. BBVA Research: 6.5%) in March. The average IP growth rate reached 9.8% in 1Q, moderating from 10.7% in 4Q17. Our monthly GDP indicator (GBTRGDPY Index at Bloomberg) nowcasts 6.4% yoy growth in 1Q (96% of information). We maintain our 2018 GDP growth estimate at 4%.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
Authors
Ali Batuhan Barlas
BBVA Research - Senior Economist
Seda Guler Mert
BBVA Research - Principal Economist
Adem Ileri
BBVA Research - Senior Economist
Serkan Kocabas
Documents and files
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