Turkey | Some slow-down signals, more to come
Published on Tuesday, October 16, 2018 | Updated on Monday, November 5, 2018
Turkey | Some slow-down signals, more to come
Summary
The sharp decline in the unadjusted IP (-11%) in August, which is in line with our expectations (BBVA -11.5%), also implies a yearly contraction in industrial production in 3Q18 which will weigh on GDP growth. With 40% of information, our monthly GDP indicator (GBTRGDPY Index at Bloomberg) nowcasts a 2% yoy growth in September and we expect it to continue to decelerate.
Geographies
- Geography Tags
- Türkiye
Topics
- Topic Tags
- Macroeconomic Analysis
Tags
- Tags
- IP growth
- GDP growth
Authors
Ali Batuhan Barlas
BBVA Research - Principal Economist
Seda Guler Mert
BBVA Research - Chief Economist
Adem Ileri
BBVA Research - Principal Economist
Serkan Kocabas
Alvaro Ortiz
BBVA Research - Head of Analysis with Big Data