Turkey’s economy shrinks by 1.5 percent in Q2

Tuesday, 03 September 2019 11:32:06 (GMT+3)   |   Istanbul
       

According to the Turkish Statistical Institute (TUIK), Turkey's GDP in the second quarter of 2019 decreased by 1.5 percent compared to the second quarter of 2018.

In the second quarter, household final consumption expenditure decreased by 1.1 percent, government final consumption expenditure rose by 3.3 percent and gross fixed capital formation declined by 22.8 percent, all compared to the same quarter of 2018.

According to the TUIK data, Turkey's manufacturing sector contributed 20.1 percent in current prices to Turkey's overall GDP in the second quarter of the current year.


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