Posts Tagged Consumer Confidence
Q4 2016 GDP Preview: Recovering but Subdued

Q4 2016 GDP Preview: Recovering but Subdued

Q4 2016 GDP data will be posted this Friday, probably mark a recovery from Q3 when a negative figure was recorded as the consensus estimates signal a 1.9% annual change in GDP, corresponding to 2.2% growth for FY 2016.

We believe that Q4 GDP growth is likely to exceed estimations as we see strong exports and government spending building a supportive case for the economic activity. That said, subdued growth will still be the overriding theme as pre-indicators suggest a weaker...

Turkey Macro: 2Q16 GDP Growth Preview

Turkey Macro: 2Q16 GDP Growth Preview

Turkey’s growth has been remarkable resilient recently. While some of the biggest developing has entered recession, and some other has just muddled along, Turkey has managed to sustain economic growth along with its Asia peers amid rising concerns around emerging markets.

Turkey, despite some setbacks, grew 4.8% y/y in 1Q 2016, beating our estimates by 40 basis points. The economy was faster largely due to private consumption and lacked the contribution from private investment, which, however, could...

Consumer Confidence Tumbles

Consumer Confidence Tumbles

Despite the ongoing still-decent GDP growth, the economic outlook of Turkey is not in brilliant shape. Following a robust start to 2015 for the economy, the current focus of consumers in view of economics developments in predominantly on general domestic conditions and clearly there are negative signs in these areas.

The mood of consumers in Turkey is more pessimistic according to the data released by Turkish central bank in September’s Survey of Consumer Confidence. The overall indicator...

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