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Published on Friday, July 14, 2017 | Updated on Friday, July 14, 2017

Turkey: May IP hints a more balanced outlook

Industrial production (IP) grew by 3.5% in May (calendar adjusted, YoY), signaling that economic activity maintains its momentum in 2Q17. Our monthly GDP indicator (GBTRGDPY index at Bloomberg) also confirms this with a growth rate close to 5% YoY by June (with 26% information so far).