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Turkey Industry November 2018

Turkey: Industrial production contracts again in November

Industrial production declined 6.5% in November in calendar-adjusted year-on-year terms, a deterioration from October’s 5.7% decrease. November’s reading was driven by contractions in the manufacturing; mining and quarrying; and electricity, gas, steam and air conditioning supply sectors.

On a seasonally- and calendar-adjusted month-on-month basis, industrial output fell 0.3%, up from October’s 2.2% fall. Annual average growth in industrial output fell from 5.7% in October to 4.3% in November.

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