ISTANBUL, May 13 (Reuters) – Turkish industrial production expanded 9.6% year-on-year in March, data showed on Friday, exceeding a Reuters poll forecast of 6.5% as it rose for a 21st consecutive month, remaining buoyant against a background of surging inflation.
Month-on-month, industrial output shrank 1.8% in March on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said.
A Reuters poll this week had forecast that industrial production would expand 6.5%, sustaining a solid trend in economic activity since the lifting of measures to combat the coronavirus pandemic.
Register now for FREE unlimited access to Reuters.com
Reporting by Canan Sevgili and Berna Suleymanoglu
Writing by Daren Butler
Editing by Ece Toksabay
Our Standards: The Thomson Reuters Trust Principles.
