In April, industrial production expanded 8.3% over the same month last year, which came in below the 10.2% rise tallied in March, decelerating for the third consecutive month. The reading, which undershot market expectations of a 9.7% increase, reflected a moderation of growth in the manufacturing sector. A month-on-month comparison confirms the deceleration suggested by annual figures, with industrial production declining a seasonally and calendar adjusted 0.6% in April, on top of a 0.5% drop in March. Owing to the recent slowdown, the trend now points downwards, with annual average growth in industrial production weakening from 12.5% in March to 11.8% in April.
Industrial output decelerates in April for a third consecutive month
June 8, 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.