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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
TURKEY Q3 2022 GDP -0.1% Q/Q (FCST -0.5%); Q2 2022 +1.9%r Q/Q
TURKEY Q3 2022 GDP +3.9% Y/Y (FCST +4.4%); Q2 2022 +7.7%r Y/Y
- The Turkish economy dipped into contraction at -0.1% q/q in Q3, remaining more robust than expectations of a -0.5% q/q contraction. This follows the +1.9% q/q growth recorded in Q2.
- Annualised growth remained buoyant at +3.9% y/y, albeit slowing substantially from +7.7% y/y in Q2.
- Q3 GDP was boosted by financial and insurance activities, information communication, and other services activities, whilst industry close-to stalled compared to last year at +0.3% and construction contracted sharply at -14.1% y/y.
- The economy is set to cool into year-end, as global demand softens against a backdrop of widespread recessionary fears.
Source: Turkstat
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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