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Turkey Industry August 2018

Turkey: Industrial production growth slumps in August

Industrial production rose 1.7% in August in calendar-adjusted year-on-year terms, down markedly from July’s 5.6% expansion. August’s deceleration was driven by weaker growth in the manufacturing; mining and quarrying; and electricity, gas, steam and air conditioning supply sectors.

On a seasonally- and calendar-adjusted month-on-month basis, industrial output declined 1.1%, contrasting July’s 3.5% expansion.

Annual average growth in industrial output fell from 8.9% in July to 8.3% in August.

Turkey Industrial Production Forecast

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