In May, industrial production expanded 5.9% over the same month last year. The reading exceeded both the revised 1.5% rise recorded in April (previously reported: +1.8% year-on-year) as well as market expectations, which had anticipated that industrial output would increase 3.0%. The acceleration over the previous month was broad-based, as all three sub-sectors composing the index improved over April. A month-on-month comparison corroborates the pick-up reflected in the annual figures, as industrial production grew a seasonally and calendar-adjusted 1.1% in May, up from the 0.9% increase observed in April. Nevertheless, despite the stronger result in May, the trend continues to point downwards, with annual average growth in industrial production falling from 5.7% in April to 5.5%.
Industrial production accelerates
July 9, 2012
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Turkey Industry Chart
Note: Year-on-year and annual average variation of industrial production index in %.
Source: Turkish Statistical Institute (TurkStat) and FocusEconomics calculations.
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.