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Turkish factory output rises 1% yr-on-yr in August

ISTANBUL, Oct 12 (Reuters) – Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and lira weakness.

Month-on-month, industrial output expanded 2.4% on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said.

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Reporting by Berna Suleymanoglu and Azra Ceylan; Editing by Toby Chopra

Our Standards: The Thomson Reuters Trust Principles.

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