Turkey: Industrial production accelerates in October
December 8, 2015
In October, industrial production expanded a calendar-adjusted 4.6% over the same month last year, which was above the 2.8% increase tallied in September. October’s result overshot the 3.9% increase that market analysts had expected. According to the statistical institute, the result reflected a notable acceleration in manufacturing production as well as a softer drop in mining and quarrying. Conversely, growth in the electricity, gas and steam category decelerated in the same month.
A month-on-month comparison corroborates the improvement suggested by the annual figures as industrial production swung from a 0.1% contraction in seasonally- and calendar-adjusted terms in September to a 0.1% increase in October. Annual average growth in industrial output rose from September’s 2.6% to 2.7% in October.