Turkey: IP Confirms Robust Activity in 3Q
Published on Wednesday, November 8, 2017
Turkey: IP Confirms Robust Activity in 3Q
Summary
Industrial production growth was up to 10%, from 2Q’s 4.6%. Adding up to the previous year’s contraction our monthly GDP indicator (GBTRGDPY Index at Bloomberg) nowcasts 7.9% yoy (94% info) growth for 3Q. Our models suggest strong growth pattern in for the beginning of 4Q as well, in line with our 6% 2017 GDP growth forecast but with risks that could be on the upside.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Asuman Kemiksiz
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data
Seda Guler Mert
BBVA Research - Chief Economist
Serkan Kocabas