Turkey’s April adjusted industrial production rises 3.8% y/y

By bne IntelliNews June 8, 2015

On a calendar-adjusted basis, Turkey’s industrial production rose 3.8% y/y in April (market forecast: 3.1% y/y), after increasing 4.7% y/y in the previous month, data of the statistics office TUIK showed on June 8.

Durable consumer goods production was up 6.5% y/y, energy output rose 1.2% y/y, capital goods production increased 14% y/y and manufacturing production showed a 4.6% y/y rise in the month.

Industrial production on a calendar and seasonally adjusted basis remained almost unchanged in April compared to March (market forecast: -0.27% m/m).

On an unadjusted basis, Turkey’s industrial production increased 3.7% y/y in the month (market forecast: 3% y/y) after rising 4.9% y/y in March.

Turkey’s latest PMI data suggested a slight improvement in manufacturing activity. In May, the headline PMI figure rose for the second month running from March’s 71- month low but, at 50.2, signaled only a fractional rate of improvement, Markit said on June 1.

Industrial Production by main Industrial Groups (April)

 

 

(%)

Calendar Adjusted

Seasonally & Calendar Adjusted

 

(y/y)

(m/m)

Total Industry

3.8

0.0

Intermediate Goods

-1.2

-0.4

Durable Consumer Goods

6.5

1.9

Non-durable Consumer Goods

5.5

-0.7

Energy

1.2

-0.2

Capital Goods

14.0

1.2

Source: tuik

Related Articles

Turkish central bank releases $500mn of liquidity via new deposit swaps market

The Turkish central bank on January 18 provided around $500mn of liquidity with a maturity of one-week to Turkish lenders at the first auction held under the scope of the newly launched FX ... more

Turkish prosecutors demand lifetime jail sentences for leaders of pro-Kurdish HDP

Turkish prosecutors have demanded up to a 143-year jail sentence for Selahattin Demirtas, co-leader of the pro-Kurdish HDP, party and 83 years for the other co-leader, Figen Yuksekdag, ... more

Turkey offers citizenship to wealthy foreigners who buy property and invest

Turkey has made changes to its citizenship laws to lure more foreign capital and investment, local media reported on January 12. The government will grant citizenship to foreigners who buy ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss