In December, industrial production expanded 3.7% over the same month the year before. The reading was well below the 8.5% rise tallied in November (previously reported: +8.4% year-on-year), but overshot market expectations of a 2.8% increase. The deceleration over the previous month mainly reflected slower growth in the manufacturing sector. A month-on-month comparison, however, does not corroborate the slowdown reflected in the annual figures, as industrial production expanded a seasonally and calendar-adjusted 2.7% in December, which contrasted the 2.2% contraction observed in November. For the full year 2011, industrial production expanded 8.9%, which was down from the 13.1% increase recorded in 2010. The government expects the economy to have expanded 7.5% in 2011 and anticipates growth to moderate to 4.0% this year.
Industrial production slows down
February 8, 2012
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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.