Turkish economy surges 3.9 percent in July-September period| MENAFN.COM

Wednesday, 01 February 2023 06:23 GMT

Turkish economy surges 3.9 percent in July-September period


(MENAFN) Turkey’s economy saw a surge of 3.9 percent in the July-September of this year on a year on year basis, as shown by official data issued on Wednesday.

The nation’s gross domestic output at present costs amounted to 4.26 trillion Turkish liras (USD241.5 billion) in the third quarter time span, the Turkish Statistical Institute (TurkStat) showed.

An Anadolu Agency survey this week estimated that the nation’s economy might surge 3.9 percent in the stated quarter.

The nation’s economy grew 7.5 percent and 7.7 percent, individually, in the first and second quarters, while added 11.4 percent last year.

TurkStat stated that the worth gained jumped by 21.6 percent in economic and insurance, 13.9 percent in information and communication, 12.6 percent in professional, administrative and support sector actions, 7.6 percent in public administration, education, human health as well as social work actions, 6.9 percent in services, 4.9 percent in additional service actions, 4.1 percent in real estate industries, 1.1 percent in agriculture, forestry and fishing activities on top of 0.3 percent in industry respectively, whereas construction industry declined by 14.1 percent.

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