Turkish Economy Expands 4.4% YoY in Q2

In the second quarter of 2013, Turkey's adjusted gross domestic product was up by 4.4 percent year-on-year. This is up from 2.9 percent registered in the previous quarter as all economic sectors expanded above expectations.

In Q2, household final consumption expenditure in the second quarter of 2013 increased by 5.3 percent and reached 19.8 billion Liras, government final consumption expenditure expanded 7.4 percent to 3.2 billion Liras while gross fixed capital formation was up by 3.7 percent to 7.8 billion Liras.

Turkish manufacturing production rose by 3.4 percent to 7.7 billion Turkish Liras and financial intermediation was up 8.5 percent reaching 3.5 billion Liras at constant prices.

Exports of goods and services increased 1.2 percent to 8.2 billion Liras while imports of goods and services in the second quarter of 2013 expanded by 11.7 percent and reached to 9 317 Million Turkish Liras at constant prices.

Turkish Economy Expands 4.4% YoY in Q2

Turkstat | Nuno Fontes | nuno@tradingeconomics.com
9/10/2013 9:20:15 AM