Turkish GDP Up by 2.1% QoQ in Q2

In the second quarter of 2013, Turkey's seasonal and calendar adjusted gross domestic product expanded 2.1 percent quarter-on-quarter, up from 1.5 percent in the previous quarter. This is the fastest quarterly growth since Q1 of 2011.
Turkstat | Nuno Fontes | nuno@tradingeconomics.com
9/10/2013 9:52:57 AM
On a quarterly basis, Turkey's households final consumption expenditure was up by 0.3 percent while government spending expanded 3.1 percent. Gross fixed capital formation grew 2.6 percent.

Exports of goods and services grew 3.6 percent to 8.2 billion Liras, offset by a 3.5 percent rise in imports to 9.3 billion Liras.

On the production side, both construction and wholesale and retail trade expanded 2.4 percent and manufacturing output rose 1.9 percent. Transport and communication grew 2.2 percent while financial intermediation fell 0.4 percent.

Turkish GDP Up by 2.1% QoQ in Q2



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