Turkey Industry February 2017

Turkey

Turkey: Industrial production growth slows in February

April 10, 2017

Industrial production in Turkey increased by a calendar-adjusted 1.0% in February compared to the same month last year, below January’s eight-month high of 2.6%. According to the Statistical Institute, the slowdown was due to more moderate growth in the manufacturing sector, while energy production picked up pace.

Industrial production decreased by 0.4% in seasonally- and calendar-adjusted month-on-month terms in February, contrasting January’s 1.3% increase. Annual average growth in industrial output decreased from 1.7% in January to 1.3% in February.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 2.5% in 2017, which is unchanged from last month’s estimate. The panel sees industrial output increasing 2.9% in 2018.


Author: Angela Bouzanis, Senior Economist

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Turkey Industry Chart


Turkey Industry February 2017

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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