Turkey Industry April 2018

Turkey

Turkey: Industrial production growth continues its downward trend in April

June 13, 2018

Industrial production rose 6.2% in April in calendar-adjusted year-on-year terms, moderating from March’s revised 7.8% jump (previously reported: +7.6% year-on-year) and marking the fourth consecutive monthly slowdown.

April’s expansion was driven by solid growth in the mining and quarrying and manufacturing sectors, while the electricity, gas and steam sector recorded a more modest expansion. On a seasonally- and calendar-adjusted month-on-month basis, industrial production grew 0.9% in April, up from March’s 0.2% expansion. Annual average growth in industrial output dipped from 10.1% in March to 9.9% in April.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.4% in 2018 and 3.7% in 2019.


Author:, Economist

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Turkey Industry April 2018

Note: Year-on-year and annual average variation of industrial production index in %.
Source: Turkish Statistical Institute (TurkStat) and FocusEconomics calculations.


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