Turkish industrial production growth eases in June
Source: FxWire Pro - Commentary / 16 Aug 2018 10:29:28 America/New_York
Turkish industrial production eased in the month of June to the weakest since December 2016. On a year-on-year basis, industrial production rose 3.2 percent, as compared with the 6.5 percent growth recorded in May. Within the sub sector of the industrial sector, mining and quarrying index rose 7.2 percent. Manufacturing index rose 2.9 percent, while electricity, gas, steam and air conditioning supply index were up 4.6 percent in June 2018 on a year-on-year basis.
On a sequential basis, industrial output dropped 2 percent in June. Within sub sectors, mining and quarrying index dropped 5.1 percent and manufacturing index fell 2.2 percent electricity, gas, steam and air conditioning supply index rose 2.1 percent in June sequentially.
In the second quarter as a whole, Turkish industrial production rose 5.3 percent year-on-year. The seasonally and calendar adjusted industrial production dropped 0.7 percent quarter-on-quarter.© FxWire Pro 2019. 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.