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Turkey Industry September 2018

Turkey: Industrial production contracts in September

Industrial production declined 2.7% in September in calendar-adjusted year-on-year terms, contrasting August’s revised 1.6% increase (previously reported: +1.7% year-on-year). September’s reading was driven by contractions in the manufacturing, and electricity, gas, steam and air conditioning supply sectors, while the mining and quarrying sector grew solidly.

On a seasonally- and calendar-adjusted month-on-month basis, industrial output fell 2.7%, down from August’s 1.3% drop. Annual average growth in industrial output fell from 8.3% in August to 6.9% in September.

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