In January, industrial production expanded a faster-than-expected 18.9% over the same month last year, even faster than the 16.7% rise tallied in December. The expansion was surprisingly strong, given a high comparison base, as activity grew 12.8% annually in January 2010. Industrial output had plunged an accumulated 22.0% between March 2008 and January 2009, but since then bounced back an accumulated 35.1%, leaving the pre-crisis peak far behind. A month-on-month comparison points to a less vigorous expansion than suggested by annual figures, as industrial production expanded a seasonally and calendar adjusted 0.5% in January, after jumping 5.5% in December. Owing to the resilience seen in over the last 12 months, the trend continues to point upwards, with annual average growth in industrial production stepping up from 13.1% in December to 13.6% in January.
Industrial production remains buoyant in January
March 8, 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.