World Bulletin / News Desk
Six-month GDP at current prices climbed to around 1.38 trillion Turkish liras (nearly $380 billion) while second-quarter GDP stood at 734 billion Turkish liras (some $205 billion), an official report revealed.
The total value added of construction and industry sectors increased by 6.8 and 6.3 percent, respectively, while the services sector showed a 5.7 percent rise and the agricultural sector performed a 4.7 percent hike in the period of April-June this year, compared with same quarter of 2016.
Turkey's GDP was 2.6 trillion Turkish liras (around $863 billion) last year, up from 2.34 trillion Turkish liras (approximately $862 billion) in 2015.
The U.S. dollar/Turkish lira exchange rate was 3.02 on average last year while one dollar was traded for 2.71 liras in 2015.
According to the TurkStat revised data, the country's economy grew 5.2 percent year-on-year between January-March this year.
The annual growth rates were 6.1 percent in 2015 and 3.2 percent last year while the growth target for 2017 is 4.4 percent in the government's medium-term program.
In June, the World Bank raised its 2017 growth forecast for Turkey to 3.5 percent from three percent and the Organization for Economic Co-operation and Development (OECD) made a revision to 3.4 percent from 3.3 percent.
Last month, international credit rating agency Moody's raised its end-year growth forecast to 3.7 percent from 2.6 percent, while Fitch forecast economic growth of 4.3 percent on average between 2017 and 2019.
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44