Posts Tagged Consumption
September Industrial Production: Stating GDP Contraction

September Industrial Production: Stating GDP Contraction

September industrial production index was down -4.2% y/y well below the market consensus of 2.5% y/y, driving the 3-month moving average to the negative territory for the first time since the global financial crisis. Following the results analysts downgraded their 2016 GDP growth estimate to the 2.3%-2.5% from the recent 3%-3.5% as an...

Turkey: Q2 2016 Recap

Turkey: Q2 2016 Recap

Turkey’s real GDP grew by 3.1% y/y in Q2, below the market consensus of 3.7% and our estimation of 3.4%. Of that growth number, 3.4% and 1.7% came from household and public consumption, respectively, which were partly offset by weak foreign demand that a negative impact of 2.2 pps on growth. Aside from...

Q1 2016 GDP Growth: Stronger but Iffy

Q1 2016 GDP Growth: Stronger but Iffy

Turkish economy grew by 4.8% in Q1 2015, above the consensus and our expectations of 4.4%. In seasonally adjusted terms, the economy expanded by 3% q/q. Household consumption expenditures, which generates two thirds of the GDP, continued to improve and posted a growth rate of 6.9% y/y. By this, the contribution of the...

Iran: Deserves A Closer Look

Iran: Deserves A Closer Look

After seven years of international sanctions, Iran is once again open for business. The end of sanctions is a lifesaver for the economy as billions of dollars’ worth of frozen Iranian assets were released. In addition, years of isolation and a lack of investment have severely affected the economy and specifically natural resources...

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