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    Published on Monday, May 9, 2016 | Updated on Tuesday, May 10, 2016

    Turkey | Activity Moderation Towards Potential

    Summary

    Industrial production grew by 4.7% YoY in March, undershooting the consensus estimate of 5%, while calendar adjusted figure was even lower at 2.9% . Retail sales grew by 4%. Production and demand side data pointed at a modest slowdown in March confirming the earlier easing signals from the confidence indicators.

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    Authors

    Gonzalo De Cadenas Santiago
    Seda Guler Mert BBVA Research - Chief Economist
    Asuman Kemiksiz
    Ugur Kucuk

    Documents and files


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    Report (PDF)

    Turkey Activity Pulse_May16-1

    English - May 9, 2016

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