FOREX TradingCharts.com

Financial News: Turkish Economy Recovers In Q3

Turkish Economy Recovers In Q3

11/30/2020 - 04:03:00 (RTTNews)

(RTTNews) - The Turkish economy recovered in the third quarter, data from the Turkish Statistical Institute showed Monday.

Gross domestic product grew 6.7 percent year-on-year in the third quarter, reversing the 9.9 percent fall a quarter ago. This was the fastest growth since the first quarter of 2018 and better than the economists' forecast of 4.8 percent.

Calendar-adjusted GDP advanced 6.5 percent from the same period of the previous year.

On a quarterly basis, GDP surged 15.6 percent after easing 10.8 percent in the second quarter.

The expenditure-side breakdown of GDP showed that government spending climbed 1.1 percent annually and household consumption gained 9.2 percent. Gross fixed capital formation grew sharply by 22.5 percent.

At the same time, exports of goods and services declined 22.4 percent, while imports of goods and services climbed 15.8 percent.

Another report from the statistical office showed that exports increased 5.6 percent annually and imports advanced 8.4 percent. As a result, the trade deficit widened to $2.37 billion from $1.76 billion last year.

During January to October, exports decreased 9.1 percent, while imports climbed 2.2 percent from the previous year. The trade shortfall totaled $40.27 billion.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore House Prices Rise At Faster Pace In Q4 (48 min(s), 23 sec(s) ago)
(RTTNews) - Singapore house prices increased at a faster pace in the fourth quarter, the Urban Red ...Full Story»

European Economics Preview: UK Retail Sales, PSNB, PMI Data Due (01 hr(s), 03 min(s), 23 sec(s) ago)
(RTTNews) - Retail sales, public sector finances and flash Purchasing Managers' survey results ...Full Story»

Australia Retail Sales Sink 4.2% In December (29 min(s), 37 sec(s) ago)
(RTTNews) - The total value of retail sales in Australia were down a seasonally adjusted 4.2 perce ...Full Story»

Japan Manufacturing PMI Slips To 49.7 In December - Jibun (24 min(s), 37 sec(s) ago)
(RTTNews) - The manufacturing sector slipped into contraction in December, the latest survey from ...Full Story»

Japan Overall Inflation Sinks 1.2% On Year In December (24 min(s), 37 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were down 1.2 percent on year in December, the Minist ...Full Story»

New Zealand Inflation Climbs 1.4% On Year In Q4 (54 min(s), 37 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand jumped 1.4 percent on year in the fourth quarter of 202 ...Full Story»

New Zealand Consumer Prices Rise 1.4% On Year In Q4 (24 min(s), 37 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 1.4 percent on year in the fourth quarter of 20 ...Full Story»

Australia Manufacturing PMI Jumps In January - Markit (04 min(s), 37 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia continued to expand in January, and at a faster ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore House Prices Rise At Faster Pace In Q4

01/22/2021 - 00:31 AM (RTTNews)
(RTTNews) - Singapore house prices increased at a faster pace in the fourth quarter, the Urban Red ...Full Story>>

European Economics Preview: UK Retail Sales, PSNB, PMI Data Due

01/22/2021 - 00:16 AM (RTTNews)
(RTTNews) - Retail sales, public sector finances and flash Purchasing Managers' survey results ...Full Story>>

Australia Retail Sales Sink 4.2% In December

01/21/2021 - 19:49 PM (RTTNews)
(RTTNews) - The total value of retail sales in Australia were down a seasonally adjusted 4.2 perce ...Full Story>>

Japan Manufacturing PMI Slips To 49.7 In December - Jibun

01/21/2021 - 19:44 PM (RTTNews)
(RTTNews) - The manufacturing sector slipped into contraction in December, the latest survey from ...Full Story>>

Japan Overall Inflation Sinks 1.2% On Year In December

01/21/2021 - 18:44 PM (RTTNews)
(RTTNews) - Overall consumer prices in Japan were down 1.2 percent on year in December, the Minist ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.