August Industrial Production: Not Enough Dynamism

Rising by 2% y/y, industrial production index posted a subdued performance in seasonally and working-day adjusted series in August, after a decline of 4% in July.  The sub-index of manufacturing performed even worse with posting 1.4% growth after contracting by 5.4%, which is the industry accounts for more one fourth of the economy.

turkey-august-industrial-production3-month moving average figures are stilt negative territory, suggesting a weaker GDP growth in 3Q. We need to see robust growth in September’s IP data, which is scheduled to be announced on November 8, to be convinced that the slowdown in 3Q could be milder than expected.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.



Nothing contained anywhere on this site constitutes or should be construed as investing or financial advice, suggestion, or recommendation. Please consult a financial professional and do due diligence before engaging in any purchase or sale of securities and other assets.


TurkishMarketNews.Com is platform for providing financial, economic and politic data with a neutral point of view on mainly Turkey, and on emerging markets as we aim to be an alternative to mainstream media.


Feel free to contact us if you wish to discuss any matter by writing to oguz (at) turkishmarketnews (dot) com.