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Published on Thursday, June 8, 2017 | Updated on Thursday, June 8, 2017

Turkey: IP signals private demand recovery

April industrial production (IP) data signals that the economic activity is gaining momentum in 2Q17. Our monthly GDP indicator confirms this with a growth rate close to 4% YoY by April, marginally higher than our 1Q17 growth expectation of 3.2%. All in all, we maintain our 2017 growth estimate at 3% with risks on the upside.