Turkish GDP Growth Accelerates in Q1

The Turkish economy advanced a seasonally adjusted 1.7 percent quarter-on-quarter in the first three months of 2014, up from a revised 0.9 percent expansion in the previous quarter. The GDP grew at its fastest pace in a year, boosted by agricultural and mining production.
Joana Taborda | joana.taborda@tradingeconomics.com
6/10/2014 11:41:36 AM
Agricultural production increased 5 percent, following a 0.8 percent expansion in the previous quarter. Mining and quarrying grew 5.2 percent, recovering from six consecutive quarters of contraction.

The manufacturing sector advanced at a faster 1.7 percent (0.6 percent in Q4 2013); electricity and gas production increased 0.8 percent; water supply rose 4.6 percent; wholesale and trade advanced 0.7 percent and construction rose 1 percent, the same rate recorded in the previous quarter.

In contrast, real estate activities slowed to 0.3 percent and the information and communication sector shrank 2 percent.

Year-on-year, the GDP expanded 4.3 percent in the first three months of 2014, in line with market expectations.

Turkish GDP Growth Accelerates in Q1



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