Page 20 - TURKRptSep21

programme still stands at 5.8%.
The government is supposed to revise the programme in September, but in recent years it has stalled the revision to October.
Meanwhile, the consensus among top officials, from the ministers to the president, is that the 2Q 2021 official GDP expansion will be released in the 20%s.
National statistical office TUIK (aka TurkStat) will release the Q2 data on September 1.
4.0 Real Economy 4.1 Industrial production
Turkey: Production indicators
y/y, %
Q1-20
Q2
Q3
Q4
2020
Q1-21
Apr
May
Jun
Q2
Jul
Official GDP Growth
4.5
-10.3
6.3
5.9
1.8
7.0
Electricity Consumption
3.3
-11.5
3.6
4.5
0.2
5.7
33.8
26.9
18.0
25.8
Employed (active, mn)
25.1
20.8
25.2
25.1
24.1
25.8
Industry (≈20% of GDP)
6.3
-16.5
7.3
10.3
2.0
11.7
Industrial Production Index
5.7
-16.6
8.5
10.2
2.2
11.3
65.5
39.6
23.7
40.3
Vehicle Production
-4.8
-51.6
5.4
11.3
-10.0
3.5
805.3
34.1
6.1
68.1
-43.2
Crude Steel Production
9.6
-16.8
16.3
16.1
6.0
9.5
46.6
42.4
17.9
35.3
2.5
White Goods Production
0.0
-26.5
15.4
24.8
3.5
36.5
166.2
59.7
20.0
63.1
4.2 Inflation
20 TURKEY Country Report September 2021 www.intellinews.com