Turkish Feb factory output rises 13.3% yr-on-yr, exceeding forecast

Workers are seen in front of a product line in a textile factory in Diyarbakir March 21, 2017. REUTERS/Umit Bektas

ANKARA, April 12 (Reuters) – Turkish industrial production expanded 13.3% year-on-year in February, data showed on Tuesday, more than a Reuters poll forecast of 9.2%, rising for a 20th consecutive month.

Month-on-month, industrial output expanded 4.4% in February on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said.

A Reuters poll last week had forecast industrial production to expand 9.2%, in a sustained burst of economic activity since the lifting of coronavirus measures.

Reporting by Nevzat Devranoglu; Writing by Tuvan Gumrukcu; Editing by Jonathan Spicer

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