Industry in Turkey
Turkey - Industry
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
Industrial production is likely to continue to perform poorly in the remainder of the year, dampened by high domestic interest rates and elevated inflation. FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.1% in 2018 and 2.8% in 2019.
Turkey - Industry Data
|Industrial Production (annual variation in %)||7.2||5.7||5.8||3.4||8.9|
5 years of economic forecasts for more than 30 economic indicators.
Turkey Industry Chart
Source: Statistical Institute.
|Bond Yield||18.35||-0.09 %||Oct 22|
|Exchange Rate||5.67||-0.85 %||Oct 22|
|Stock Market||94,682||1.41 %||Oct 22|
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October 16, 2018
Industrial production rose 1.7% in August in calendar-adjusted year-on-year terms, down markedly from July’s 5.6% expansion.
October 11, 2018
The current account balance recorded a USD 2.6 billion surplus in August, markedly contrasting the USD 0.9 billion deficit observed in the same month a year earlier and marking the first surplus since September 2015.
October 3, 2018
Consumer prices rose 6.30% from the previous month in September, up from August’s 2.30% rise, according to data released by the Turkish Statistical Institute (Turkstat).
October 1, 2018
The Purchasing Managers’ Index (PMI), produced by the Istanbul Chamber of Industry (ICI) and IHS Markit, fell sharply from 46.4 in August to 42.7 in September.
September 26, 2018
The Real Sector Confidence Index published by the Central Bank declined from 96.4 in August to 89.6 in September, marking the sixth consecutive monthly decline and the lowest reading in nearly a decade.