Turkish October industrial output growth seen at 5% y/y

By bne IntelliNews December 5, 2014

Turkey’s industrial production (unadjusted) is expected to rise 5% y/y in October, a Reuters poll of economists showed on December 4.

On a calendar-adjusted basis, the output increase is seen at 3.7% y/y while calendar & seasonally adjusted industrial production is expected to fall 1.05% m/m in October.

Unadjusted industrial production showed a 4.1% y/y increase in September, according to the latest data provided by the statistics office, TUIK. On a calendar-adjusted basis, industrial production rose 2.2% y/y in September, after rising 5.2% y/y in the previous month while calendar & seasonally adjusted industrial production rose 1.7% m/m versus a 1.1% m/m decline in August.

Signalling a further pick up in manufacturing activity, the headline HSBC Turkey Manufacturing PMI rose for the fourth successive month to 52.2 in November, the highest since February. Manufacturing new orders rose for the third month running, growth of new export orders was signalled for the first time in three months, the survey by Markit also showed.

TUIK will release industrial production data for October on December 8.

Related Articles

Four Turkish companies reportedly consider IPOs in London or Istanbul

Turkey’s Enerjisa, Memorial Health Group, Tab Gida and Baskent Gaz are considering public offerings in London or Istanbul, unnamed sources told Bloomberg on July 19. Enerjisa, a 50:50 JV ... more

Turkey bars entry to thousands from more than 140 nations over suspected IS ties

Turkey has arrested and deported thousands of people suspected of having links to the Islamic State group according to a Turkish interior ministry report entitled “Turkey’s Fight ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Dismiss