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
Iran's Araghchi arrives in Turkey for talks on US military build-up as Ankara looks to act as mediator
Iranian Foreign Minister Abbas Araghchi arrived in Istanbul on January 30 for meetings with Turkish officials to discuss regional issues amid what he described as serious challenges posed by US ... more
TPAO and ExxonMobil sign deal for offshore exploration
The Turkish Petroleum Corp. (TPAO) has formalised a strategic partnership with Esso Exploration International, a subsidiary of ExxonMobil, marking a significant escalation in Türkiye’s ambitions ... more
Turkish LPG carrier set on fire during Russian drone attack
A Turkish LPG carrier docked at the port of Izmail, Ukraine, was hit by a Russian drone during an attack, sparking a fire on the vessel, which has now been extinguished. According to the Maritime ... more