FOREX TradingCharts.com

Financial News: Turkish Economy Grows For Second Consecutive Quarter

Turkish Economy Grows For Second Consecutive Quarter

09/02/2019 - 05:51:00 (RTTNews)

(RTTNews) - Turkey's economy expanded in the second quarter, but at a slower pace compared to the first quarter when it exited the first recession in a decade, preliminary figures from the Turkish Statistical Institute showed on Monday.

Gross domestic product grew a seasonally and calendar-adjusted 1.2 percent from the previous three months, when the economy grew 1.6 percent, which was revised from 1.3 percent.

In the third and fourth quarters of 2018, the economy shrank 1.4 percent and 2.8 percent, respectively. Two consecutive quarters of contraction implies a technical recession.

On a non-adjusted basis, GDP fell 1.5 percent year-on-year in the second quarter after a 2.4 percent slump in the previous three months and a 2.8 percent decline in the third quarter. Economists had forecast 2 percent contraction.

Household consumption decreased 1.1 percent year-on-year, while state spending rose 3.3 percent. Gross fixed capital formation dropped 22.8 percent. Exports grew 8.1 percent, while imports decreased 16.9 percent.

On a calendar adjusted basis, GDP decreased 1.4 percent year-on-year in the second quarter.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Bullard Explains Preference For Bigger Interest Rate Cut (02 hr(s), 14 min(s), 42 sec(s) ago)
(RTTNews) - St. Louis Federal Reserve President James Bullard was one of three voting members of t ...Full Story»

Eurozone Consumer Confidence At 4-month High (02 hr(s), 49 min(s), 42 sec(s) ago)
(RTTNews) - Eurozone consumer confidence improved in September to its highest level in four months ...Full Story»

Belgium Consumer Confidence Weakens For Second Month (03 hr(s), 42 min(s), 42 sec(s) ago)
(RTTNews) - Belgium's consumer confidence weakened for a second straight month in September, s ...Full Story»

India Cuts Corporate Tax Rates To Boost Growth (04 hr(s), 40 min(s), 42 sec(s) ago)
(RTTNews) - India's government on Friday announced a reduction in the corporate tax rate to bo ...Full Story»

Finland Current Account Logs Deficit In Q2 (04 hr(s), 50 min(s), 42 sec(s) ago)
(RTTNews) - Finland's current account logged a deficit in the second quarter, Statistics Finla ...Full Story»

Ireland Wholesale Price Decline Slows In August (05 hr(s), 23 min(s), 42 sec(s) ago)
(RTTNews) - Ireland's wholesale prices fell at a slower rate in August, data from the Central ...Full Story»

Slovenia Output Price Inflation Steady In August (05 hr(s), 25 min(s), 42 sec(s) ago)
(RTTNews) - Slovenia's output price inflation stable in August, figures from the Statistical O ...Full Story»

Latvia Producer Price Inflation Slows For Eighth Month (05 hr(s), 24 min(s), 42 sec(s) ago)
(RTTNews) - Latvia's producer price inflation slowed for the eight straight month in August, f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Bullard Explains Preference For Bigger Interest Rate Cut

09/20/2019 - 10:48 AM (RTTNews)
(RTTNews) - St. Louis Federal Reserve President James Bullard was one of three voting members of t ...Full Story>>

Eurozone Consumer Confidence At 4-month High

09/20/2019 - 10:13 AM (RTTNews)
(RTTNews) - Eurozone consumer confidence improved in September to its highest level in four months ...Full Story>>

Belgium Consumer Confidence Weakens For Second Month

09/20/2019 - 09:20 AM (RTTNews)
(RTTNews) - Belgium's consumer confidence weakened for a second straight month in September, s ...Full Story>>

India Cuts Corporate Tax Rates To Boost Growth

09/20/2019 - 08:22 AM (RTTNews)
(RTTNews) - India's government on Friday announced a reduction in the corporate tax rate to bo ...Full Story>>

Finland Current Account Logs Deficit In Q2

09/20/2019 - 08:12 AM (RTTNews)
(RTTNews) - Finland's current account logged a deficit in the second quarter, Statistics Finla ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.