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

Professor says climate change putting Turkey at risk of becoming a “disease-prone desert”

Turkey is at risk of becoming a “disease-prone desert” with water resources and forests disappearing, Hurriyet Daily News reported Professor Mikdat Kadioglu from Istanbul Technical University’s ... more

Turkey’s lira and shares start moving sideways as significance of early elections is debated

The strongly positive initial reaction given by markets to April 18’s surprise announcement of snap elections in ... more

Turkish lira’s chronic weakness credit negative for Turkey’s sovereign rating says Moody’s

The chronic weakness of the Turkish lira (TRY) is credit negative for Turkey’s sovereign debt rating and poses ... more

Dismiss