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 |
||
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