Turkish industrial production flat in September
ANKARAIndustrial production in Turkey was flat in September, the Turkish Statistical Institute (TÜİK) reported on Nov. 9.
Turkish industrial production -a measure of output in the manufacturing, utilities and mining sectors- showed no increase in September from the previous month, while it saw a 2.8 percent advance from the same period in the previous year, the report said.
“Industrial production data were strong in August, but since then, German factory orders showed a decline. A partial negative correction may be accepted with a limited market affect in the September report,” commented Boris Tamer Yılmaz, an economist with Ziraat Securities in Istanbul.
Among the main industrial groupings, the largest decrease was in durable consumer goods with a 6.3 percent decline compared with the previous month while non-durable goods led increases with 2.2 percent from August to September.
The largest decrease was in the manufacture of computers and electronic and optical products, down 13.1 percent.
The highest increase was in the manufacture of transport equipment, up 15.1 percent.