Turkey | Revised IP series better fits GDP

Summary

IP grew by 12% yoy (cal. adj.) in January (up from 10.7% in 4Q17) above the market consensus of around 7%. IP data is revised with 2015 as the new base year. The new IP portraits a higher correlation (94%) with the new GDP series and a higher growth performance after 2010 (2.5pp on average).

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