In February, industrial production expanded 13.9% over the same month last year, slowing from the 19.0% rise tallied in January. The reading, which undershot market expectations of a 16.0% expansion, was driven by a 14.7% increase in the manufacturing component. A month-on-month comparison confirms the deceleration suggested by annual figures, with industrial production declining a seasonally and calendar adjusted 1.7% in February (January: +0.5% mom). Owing to February's slowdown, the trend has begun to point downwards, with annual average growth in industrial production weakening from 13.6% in January to 13.4% in February.
Industrial production growth moderates in February
April 8, 2011
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Turkey Economic News
October 25, 2016
The Real Sector Confidence Index published by the Central Bank decreased from September’s 106.5 to 101.7 in October, the lowest reading in one year.
October 21, 2016
The consumer confidence index, published by the Statistical Institute in cooperation with the Central Bank, decreased slightly from 74.3 in September to 74.0 in October.
October 20, 2016
At its 20 October monetary policy meeting, the Central Bank of the Republic of Turkey (CBRT) decided to keep the marginal funding rate unchanged at 8.25%.
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.