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

Turkey issues arrest warrants for "Gulen-linked" capital markets board employees

The Turkish authorities have issued arrest warrants for 36 employees of the Turkey's capital markets board (SPK) as well as for more than 160 other people citing claimed links to US-based ... more

Gulen hits out at Erdogan in Washington Post as Turkish leader arrives for Trump talks

Fethullah Gulen, the exiled cleric accused by the Turkish government of orchestrating last year’s attempted coup, on May 16 accused President Recep Tayyip Erdogan of “doing everything he can ... more

Police detain 53 Istanbul bourse ex-employees citing Gulen claims

Turkish prosecutors have ordered the detention of 102 former Borsa Istanbul stock exchange employees, with 53 arrested already, local media reports suggested on May 12. The employees had ... 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