Monthly real gross domestic product (GDP) is estimated to have grown by 0.4% in May 2024 after showing no growth in April 2024 (unrevised from our last publication). Real gross domestic product is estimated to have grown by 0.9% in the three months to May 2024 compared with the three months to February 2024, driven by a growth of 1.1% in services output.
 
Services output grew by 0.3% in May 2024, following growth of 0.3% in April 2024 (revised up from 0.2% growth in our last publication), and was the largest contributor to monthly GDP growth in May 2024. Production output grew by 0.2% in May 2024 following an unrevised fall of 0.9% in April 2024, and showed no growth in the three months to May 2024. Construction output grew by 1.9% in May 2024, following a fall of 1.1% in April 2024 (revised up from a fall of 1.4% in our last publication), and fell by 0.7% in the three months to May 2024.
 
Source: Office for National Statistics
Post by: Republic of Türkiye Ministry of Trade