In October, industrial production increased 9.8% over the same month last year. The figure was down from the 10.2% expansion recorded in September but overshot market expectations, which had anticipated industrial output would decelerate to 6.1%. As a result of the resilient pace of recovery ? the Turkish industry expanded at an average rate of 13.3% in the first ten months of the year over the same period last year and thus for the first time surpassed the pre-crisis industrial output peak recorded in March 2008. The slight deceleration over the previous month was the result of a drop in mining and quarrying. Manufacturing improved marginally over September, while electricity, gas, steam and water supply expanded at a softer pace compared to the previous month. A month-on-month comparison corroborates the robust pace suggested by annual figures, as industrial production surged 3.1% over the previous month in seasonal and calendar adjusted terms, after having remained flat in September. Hence, the trend continues to point upwards, with annual average growth in industrial production stepping up from 12.1% in September to 12.5% in October.
Industrial production surpasses pre-crisis peak in October
December 8, 2010
Looking for forecasts related to Industry in Turkey? Download a sample report now.
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.