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 |
Turkey upped its steel exports by 27.6% y/y in 2024 to 13.4mn tonnes, according to the Turkish Steel Association (TCUD). Growth was driven by shipments to the European Union (5.9mn tonnes, up ... more
Turkish Petroleum Offshore Technology Centre AS (TP-OTC) has contracted international offshore service provider Subsea7 to provide inspection, repair and maintenance (IRM) services at the Sakarya ... more
Turkish socks manufacturing company Bonysocks plans to invest $50mn to build a new factory in Egypt, Al Ahram reported on January 12 citing the Turkish Ambassador in Cairo, Salih Mutlu Şen. ... ... more