In Q1 2017, GDP in volume terms* rose barely less fast (+0.4%) than in Q4 2016 (+0.5%).
Households’ consumption expenditure stalled (+0.1% after +0.6%). By contrast, total gross fixed capital formation (GFCF) accelerated sharply (+1.2% after +0.5%).
All in all, final domestic demand excluding inventory changes barely slowed: it brought +0.4 points to GDP growth, after +0.5 points in the previous quarter.
Conversely, changes in inventories contributed positively (+0.7 points after −0.2 points).
Source: Republic of Turkey Ministry of Economy
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