Supply Chain Council of European Union | Scceu.org
Operations

Turkish factory activity expanded 8.3% in Oct

A worker checks cable drums at a factory in the central Anatolian city of Kayseri February 12, 2015. REUTERS/Umit Bektas

Register now for FREE unlimited access to reuters.com

ISTANBUL, Dec 10 (Reuters) – Turkey’s industrial production is expected to have expanded 8.3% annually in October, rising for a 16th consecutive month in a sustained burst of economic activity since the lifting of coronavirus measures, a Reuters poll showed on Friday.

Output plummeted more than 31% in April 2020 as many factories temporarily halted operations in the initial coronavirus wave. After a strong economic rebound in the second half of 2020, new virus-related curfews were adopted earlier this year but did not affect production.

The median estimate in a Reuters poll of six institutions showed year-on-year growth of 8.3% in the calendar-adjusted industrial production index in October.

Register now for FREE unlimited access to reuters.com

Forecasts ranged between 6.8% and 10.4%.

Turkey imposed curfews, weekend lockdowns and restaurant closures, including a tougher but brief lockdown in April and May due to surging COVID-19 cases, but manufacturing and the broader economy were largely unaffected. All measures were lifted in July.

Turkey’s economy is expected to grow around 10% this year, rebounding powerfully after a sharp slowdown a year earlier driven by COVID-19 restrictions.

The Turkish Statistical Institute will announce October industrial production figures on Dec. 13 at 0700 GMT.

Register now for FREE unlimited access to reuters.com

Writing by Ezgi Erkoyun
Editing by Daren Butler

Our Standards: The Thomson Reuters Trust Principles.

Related posts

Rasheed Wallace Was at Cheesecake Factory When Atlanta Hawks Traded Him | Arena

scceu

Coachella-based guitar string factory donates 400 face masks to ACT for MS

scceu

Paducah, Ky. organizations offer holiday help to laid off factory workers – KFVS

scceu