In August, industrial production expanded 3.8% over the same month last year. The reading was well below the 6.9% rise tallied in July and undershot market expectations, which saw output expanding 5.5%. A month-on-month comparison corroborates the deceleration suggested by annual figures, as industrial production contracted a seasonally and calendar-adjusted 2.6% in August, which contrasted the 2.6% expansion in July. As a result, the trend points downwards, with annual average growth in industrial production dropping from 10.8% in July to 10.2% in August. The government expects the economy to grow 7.5% this year. On 13 October, Turkish Deputy Prime Minister Ali Babacan lowered the government's 2012 prediction to 4.0% from a previous expectation of 5.0%.
Industrial production decelerates in August
October 10, 2011
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Turkey Economic News
October 13, 2016
The current account balance recorded a USD 1.8 billion deficit in August (July: USD 2.7 billion deficit).
October 10, 2016
In August, industrial production expanded a calendar-adjusted 2.2% compared to the same month last year.
October 3, 2016
The Manufacturing Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, increased slightly to 48.3 in September from August’s 47.0, which had marked a multi-year low.
October 3, 2016
In September, consumer prices increased 0.18% over the previous month.
September 26, 2016
The Real Sector Confidence Index published by the Central Bank increased from August’s 103.6 to 106.5 in September.