Ankara, Aug. 31, (dpa-AFX/GNA) - Turkish economic growth improved marginally in the second quarter, data from the Turkish Statistical Institute showed on Wednesday.
Gross domestic product advanced 7.6% year-on-year in the June quarter, just above the 7.5% rise in the March quarter.
Financial and insurance activities contributed the most to GDP in the second quarter, with an increase of 26.6%. Activities in services also surged 18.1% and those for professional, administrative and support service activities gained 11.0%.
Among expenditure components, final consumption of resident households grew sharply by 22.5% over the year, and government final consumption and gross fixed capital formation increased by 2.3% and 4.7%, respectively.
Exports registered double-digit growth of 16.4%, while imports rose only by 5.8%.
On a quarterly basis, GDP rose at a faster pace of 2.1% in the second quarter, following a 0.7% increase in the preceding three-month period.
GNA