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.