Financial News: Turkey GDP Growth Eases In Q1

Turkey GDP Growth Eases In Q1

06/01/2026 - 09:01:00 (RTTNews)

(RTTNews) - Turkey's economic growth moderated further in the first quarter of 2026, official data revealed Monday.

Gross domestic product posted an annual growth of 2.5 percent after rising 3.4 percent in the fourth quarter, the Turkish Statistical Institute said. The expected expansion was 2.7 percent.

The expenditure breakdown showed that the yearly growth of household final consumption eased to 4.8 percent from 5.2 percent, and government expenditure rose by 2.1 percent. The growth in investments moderated to 3.0 percent from 5.4 percent, and net foreign demand was not favorable as exports plunged 12.7 percent amid a 2.0 percent fall in imports.

Quarter-on-quarter, the economy grew 0.1 percent, slower than the 0.4 percent increase in the previous quarter.

Separate survey data from S&P Global showed that the Istanbul Chamber of Industry Manufacturing PMI rose to 49.8 in May from 45.7 in April. The latest reading was the highest since March 2024 and signaled a near stabilization of business conditions.

Among components, output returned to growth, and purchasing activity also rose due to safety stock building amid price and supply disruption caused by the war in the Middle East.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Russia Central Bank Cuts Rate By 25 Bps (06 hr(s), 01 min(s), 48 sec(s) ago)
(RTTNews) - The Bank of Russia reduced its benchmark interest rate by a quarter basis points on Fr ...Full Story»

Turkey Capacity Utilization Rises To 1-year High; Business Confidence Strengthens (07 hr(s), 14 min(s), 48 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate increased further in June to the ...Full Story»

Slovenian Consumer Confidence Improves In May (07 hr(s), 46 min(s), 48 sec(s) ago)
(RTTNews) - Consumers in Slovenia remained less pessimistic in May, and the confidence strengthene ...Full Story»

Greece Current Account Gap Narrows In April (08 hr(s), 08 min(s), 48 sec(s) ago)
(RTTNews) - Greece's current account deficit decreased in April from a year ago, mainly due to ...Full Story»

Germany Producer Price Inflation Fastest In 3 Years (09 hr(s), 44 min(s), 48 sec(s) ago)
(RTTNews) - Germany's producer prices increased at the fastest pace in three years in May, Des ...Full Story»

UK Retail Sales Recover In May (09 hr(s), 55 min(s), 48 sec(s) ago)
(RTTNews) - UK retail sales rebounded in May as promotions and the hot weather drove consumer spen ...Full Story»

Italy Construction Output Rises 0.3% (10 hr(s), 16 min(s), 48 sec(s) ago)
(RTTNews) - Italy's construction output increased for the second successive month in April, ac ...Full Story»

Poland Industrial Production Growth Improves To 4.1% (10 hr(s), 53 min(s), 48 sec(s) ago)
(RTTNews) - Poland's industrial output growth rebounded unexpectedly in May, data from Statist ...Full Story»