Turkey GDP Expands 0.7% in Q4

The Turkish economy advanced 0.7 percent on quarter in the three months to December 2014, following a upwardly revised 0.5 percent expansion in the previous period. The expansion was driven by manufacturing, agriculture sector, information & communication and real estate.
Turkstat l Rida Husna l rida@tradingeconomics.com
3/31/2015 1:00:48 PM
On a quarter-on-quarter seasonally adjusted basis, agriculture, forestry and fishing grew by 4.8 percent, information & communication rose by 3.0 percent, real estate expanded by 1.3 percent and wholesale and retail trade expanded by 1.2 percent. Growth was also seen in manufacturing (+0.9 percent) and financial and insurance activities (+0.2 percent).

In contrast, electricity, gas steam and air conditioning supply contracted by 3.7 percent and mining declined by 2.7 percent. Construction fell by 1.7 percent while water supply, sewerage, waste management and remediation activities fell by 3.7 percent. Transport and storage contracted by 0.6 percent and accommodation and food service activities declined by 0.2 percent.

Year-on-year, the economy expanded 2.6 percent in the three months to December, accelerating from a revised 1.9 percent in the previous quarter.

For full year of 2014, the country's economy expanded by 2.9 percent.

Turkey GDP Expands 0.7% in Q4



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