Turkey | Adjustment in activity gains momentum
Published on Friday, November 16, 2018 | Updated on Friday, November 16, 2018
Turkey | Adjustment in activity gains momentum
Summary
Industrial Production (IP) decreased by 2.7% yoy in calendar adjusted terms in September, lower than the market expectation ( 1.5% Bloomberg vs -7.5% ours). Our monthly GDP indicator (GBTRGDPY Index at Bloomberg) nowcasts 2.2% yoy growth in September and 0.6% annual contraction in October (with 96% and 47% of info including our Retails Sales Indicator, respectively).
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- GDP
- Industrial production
Authors
Ali Batuhan Barlas
BBVA Research - Principal Economist
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Seda Guler Mert
BBVA Research - Chief Economist
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data