Supply Chain Council of European Union | Scceu.org
Operations

Turkish factory output rises 8.5% yr-on-yr in June, beats forecasts

ISTANBUL, Aug 12 (Reuters) – Turkish industrial production expanded 8.5% year-on-year in June, data showed on Friday, rising for a 24th consecutive month against a background of surging inflation and lira weakness, and exceeding a Reuters poll forecast of 6.7% growth.

Month-on-month, industrial output expanded 1.3% on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said.

(Reporting by Canan Sevgili and Oben Mumcuoglu; Writing by Daren Butler; Editing by Ezgi Erkoyun)

(([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Related posts

Card Factory sales ahead of expectations since reopening

scceu

Jelly Belly “factory” is closing so what is the fate of the Pres. Reagan portrai

scceu

‘Bonita Ranch’ to open near upcoming semiconductor factory in Surprise | Features

scceu