Taling Turkey

摘要

Turkish glass producers have much to cheer about as the country's economy has defied all expectations and showed strong resilience in 2015, despite the inflamed political turmoil following June's elections, which resulted in a hung parliament and dampened economic sentiment. GDP expanded 4.0% annually in Q3, which was above the 3.8°/o tallied in Q2. More recent data suggest that positive spillovers from November's election carried into the final quarter of 2015. In December, the manufacturing PMI hit a 13-month high and, despite moderating, business sentiment remained in positive territory. Constructions, automotive production and food and beverage consumption all have registered good growth, resulting in healthy demand of glass from all sub-segments.