Turkey: Sharp contraction in Industrial Production (IP)
Published on Monday, January 14, 2019 | Updated on Monday, January 14, 2019
Turkey: Sharp contraction in Industrial Production (IP)
Summary
IP fell by 6.5% yoy in calendar adjusted terms in November, disappointing the expectations (BBVA: -5.8%, Consensus: -5.4%). Our monthly GDP indicator nowcasts a contraction of 1.6% yoy growth in December (with 32% info), which is still consistent with our 3% 2018 GDP growth estimate but with some downside risks. We maintain our 2019 GDP growth forecast at 1%.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- IP
- IP growth
- Türkiye growth
Authors
Ali Batuhan Barlas
BBVA Research - Senior Economist
Adem Ileri
BBVA Research - Senior Economist
Serkan Kocabas
Seda Guler Mert
BBVA Research - Principal Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Documents and files
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