In May, industrial production expanded 8.0% over the same month last year. The reading came in below the 8.8% rise tallied in April, but overshot market expectations of a 7.2% increase, suggesting that production remains strong despite the Central Bank's attempts to cool economic activity. A month-on-month comparison confirms the deceleration suggested by annual figures, with industrial production declining a seasonally and calendar adjusted 0.4% in May, on top of a 0.2% drop in April. Owing to the slowdown, the trend points downwards, with annual average growth in industrial production declining from 11.8% in April to 11.2% in May.
Industrial output growth eases in May
July 8, 2011
Looking for forecasts related to Industry in Turkey? Download a sample report now.
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.