Published on Tuesday, August 8, 2017 | Updated on Tuesday, August 8, 2017
Turkey: Strong … and accelerating activity
Summary
Annual growth in industrial production (IP) was 3.4% yoy in June (cal. adj.) confirming our robust economic activity forecast for overall 2Q, as IP growth in 2Q reached up to 4.5% yoy from 1Q’s 2.1% reading. Our monthly GDP indicator (GBTRGDPY index at Bloomberg) nowcasts 5.1% YoY GDP growth in 2Q. We think that risks are on the upside for our 5% growth estimate for 2017.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Documents and files
Authors
AK
Asuman Kemiksiz
SG
Seda Guler Mert
BBVA Research - Principal Economist
GO
Gizem Onen