Turkey Industry March 2018

Turkey

Turkey: Industrial production growth continues to slide in March, but remains solid

May 16, 2018

Industrial production rose 7.6% in March in calendar-adjusted year-on-year terms, moderating from February’s revised 10.1% jump (previously reported: +9.9% year-on-year) and marking the third consecutive monthly slowdown.

March’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 0.2% in March, contrasting February’s 0.2% contraction. Annual average growth in industrial output increased to 10.1% in March from 10.0% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.2% in 2018 and 3.7% in 2019.


Author:, Economist

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Turkey Industry March 2018 0

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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