In September, industrial production expanded 6.2% over the same month last year. The reading contrasted the revised 1.8% contraction recorded in August (previously reported: -1.5% year-on-year) and widely exceeded market expectations, which had anticipated that industrial output would increase 2.0%. The figure marks, in fact, the fastest growth rate seen in 10 months. The monthly expansion was mainly driven by a robust expansion in the all-important manufacturing sector. A month-on-month comparison corroborates the improvement reflected in the annual figures, as industrial production grew a seasonally and calendar-adjusted 3.9% in September, contrasting the 2.0% drop observed in August. Despite faster growth in September, the trend continues to point downwards, with annual average growth in industrial production falling from 4.4% in August to 3.9%.
Industrial production expands at fastest pace in 10 months
November 8, 2012
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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.
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.