Turkey: Industrial production growth picks up pace in March
May 8, 2017
Industrial production in Turkey rose by a calendar-adjusted 2.8% in March compared to the same month last year, well above February’s 1.0% increase. According to the Statistical Institute, the acceleration was due to a better performance in the manufacturing sector and a smaller contraction in mining and quarrying output growth.
Industrial production expanded by 1.3% in seasonally- and calendar-adjusted month-on-month terms in March, contrasting February’s 0.4% drop. Annual average growth in industrial output was steady in March at February’s 1.3%.