Turkey GDP Growth Rebounds

The Turkish economy advanced 0.4 percent on quarter in the three months to September, following a 0.5 percent contraction in the previous period. The expansion was driven by financial and insurance activities, transportation, construction and mining.
Turkstat| Joana Taborda | joana.taborda@tradingeconomics.com
12/10/2014 10:30:28 AM
On a quarter-on-quarter seasonally adjusted basis, financial and insurance activities rose 2.3 percent; transportation and storage increased 1.9 percent; mining output grew 1 percent and construction expanded 0.2 percent. 

In contrast, manufacturing was flat and agriculture, forestry and fishing contracted for the second consecutive quarter by 2.5 percent. Wholesale and retail trade shrank 0.5 percent and information and communication activities fell 0.6 percent. 

Year-on-year, the economy expanded 1.7 percent in the three months to September, slowing for the second consecutive quarter. Considering the first nine months of 2014 together, the GDP grew 2.8 percent.

Turkey GDP Growth Rebounds



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