(MENAFN) Turkey reported better-than-expected growth of 2.3 percent in the first quarter of 2015 form a year earlier, boosted by a rise in consumer spending, The Peninsula Qatar reported.

The figure published by the state statistics office was considerably higher than the market consensus of 1.6 percent but analysts said there was still concern about the state of the Turkish economy going forwards.

Annual growth in the fourth quarter last year was 2.6 percent. Growth in 2014 had dipped under 3 percent to 2.9 percent, in a sign that the stellar growth seen over the last years was coming to an end.

"However, this came at the cost of a fall in the domestic savings rate and a rise in the current account deficit. None of this looks sustainable and we think growth will be weak over the coming quarters," Capital Economics analyst said.