Turkish industrial production grows above expectations year-on-year in may
Source: FxWire Pro - Commentary / 17 Jul 2018 16:06:23 America/New_York
Turkey’s industrial production growth accelerated in May on a year-on-year. Industrial production grew 6.4 percent, as compared with consensus expectations of 5.5 percent and last month’s growth of 6.2 percent.
When the sub sectors of the industrial sector were examined, mining and quarrying index rose 12 percent, manufacturing index was up 6.5 percent, while electricity, gas, steam and air conditioning supply index rose 1.9 percent in May on a year-on-year basis.
On a sequential basis, industrial production dropped 1.6 percent. Looking at the sub sectors of the industrial sector, mining and quarrying index fell 1.6 percent. Manufacturing index dropped 1.7 percent, while electricity, gas, steam and air conditioning supply index fell 0.1 percent in May on a sequential basis.© FxWire Pro 2018. All rights reserved. The FxWire Pro content received through this service is the intellectual property of FxWire Pro or its third party suppliers. Republication or redistribution of content provided by FxWire Pro is expressly prohibited without the prior written consent of FxWire Pro, except for personal and non-commercial use. Neither FxWire Pro nor its third party suppliers shall be liable for any errors, omissions or delays in content, or for any actions taken in reliance thereon.