In December, industrial production soared 16.9% over the same month the year before. The figure beat market analyst expectations of an 11.0% rise and represented a marked acceleration from the 9.4% increase tallied in November. The acceleration over the previous month reflected an improvement in manufacturing, which added 18.9% in December (November: +10.1% year-on-year), and in electricity, gas, steam and water supply (November: +4.6% yoy; December: +7.9% yoy). In contrast, mining and quarrying deteriorated over November, adding a paltry 1.8% (November: +7.6% yoy). A month-on-month comparison corroborates the pick-up suggested by annual figures, as industrial production skyrocketed 5.7% over the previous month in seasonally and calendar adjusted terms, after decreasing 1.0% in November. In the full year, industrial output recovered from the 9.9% contraction experienced in 2009 and posted a 13.1% expansion in 2010.
Industrial production surges in December
February 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.
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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.