In November, industrial production added 9.1% over the same month last year. The figure was down from the 9.9% rise registered in October but, nevertheless, surpassed market expectations, which had anticipated industrial output to increase 8.3%. The deceleration over the previous month was the result of a slower growth in manufacturing, which added 9.7% in November (October:+ 11.3% year-on-year), and electricity, gas, steam and water supply (November: +4.7% yoy; October: +7.5% yoy). On the other hand, mining and quarrying improved significantly over October, adding 8.2% (October: -11.5% yoy). A month-on-month comparison corroborates the deceleration suggested by the annual figures, as industrial production contracted 1.2% over the previous month in seasonally and calendar adjusted terms, after expanding 3.1% in October. Nevertheless, the trend continues to point upwards, with the annual average growth rate of industrial production rising to 13.6% in November from 12.5% in October.
Industrial production remains robust in November
January 10, 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.