Industry in Turkey
Turkey - Industry
Industrial output notches quickest growth since February in July
Industrial output rose 4.4% year-on-year in July (June: +0.4% yoy). The print marked the strongest rise since February. July's upturn was primarily driven by an improvement in mining and quarrying and manufacturing output.
Meanwhile, the trend improved with the annual average variation of industrial production coming in at minus 1.2% in July, up from June's minus 1.6%.
Furthermore, output rose 8.4% month-on-month, slowing from June’s 17.8% surge.
FocusEconomics panelists see industrial production falling 6.0% in 2020, which is down 0.4 percentage points from the previous month’s forecast. For 2021, our panelists expect industrial production to increase 6.5%.
Turkey - Industry Data
|Industrial Production (annual variation in %)||6.1||3.4||9.1||1.1||-0.6|
5 years of economic forecasts for more than 30 economic indicators.
Turkey Industry Chart
Source: Statistical Institute.
|Bond Yield||12.00||-0.09 %||Dec 31|
|Exchange Rate||5.95||-0.85 %||Jan 01|
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November 24, 2022
The Central Bank of the Republic of Turkey (TCMB) fulfilled expectations at its 24 November meeting by delivering a 150 basis point rate cut, which brought the one-week repo rate down to 9.00% from 10.50%.
November 24, 2022
Business confidence fell to 97.9 in November from October's 100.3.
November 22, 2022
Consumer confidence came in at 76.6 in November, up from October's 76.2.
November 11, 2022
Industrial output expanded 0.4% compared to the same month of the previous year in September, which was a deterioration from August's 1.1% increase.
November 3, 2022
Inflation increased to 85.5% in October from September’s 83.5%.