Turkey GDP Growth Beats Forecasts


The Turkish economy expanded 2.3 percent year-on-year in the first three months of 2015, slowing from a 2.6 percent increase in the previous period but better than market expectations, driven by household and public spending.

Household consumption increased 4.5 percent (2.4 percent in the last quarter of 2014) and government spending rose 2.5 percent (1.7 percent in the last quarter of 2014) while gross fixed capital formation was flat (-0.1 percent in the last quarter of 2014). Exports shrank 0.3 percent (3.4 percent in the last quarter of 2014) while imports rose 4.1 percent (4.6 percent in the last quarter of 2014).

On a quarter-on-quarter seasonally adjusted basis, the economy expanded 1.3 percent, up from na upwardly revised 0.8 percent increase in the last three months of 2014. 

Turkey GDP Growth Beats Forecasts


Turkstat | Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2015 8:44:03 AM