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Published on Monday, October 9, 2017 | Updated on Monday, October 9, 2017

Turkey: Robust Activity in 3Q

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Summary

In August, industrial production (IP) growth came in at 5.2% yoy (cal.adj.) and retail sales index’ growth rate accelerated further. As August data signals further acceleration in the economic activity, our monthly GDP indicator (GBTRGDPY Index at Bloomberg) nowcasts 8.2% growth for 3Q (26% information for September).