Ergin Garip
09 March 2021•Update: 09 March 2021
ISTANBUL
Turkey's calendar-adjusted industrial production index for January is expected to rise by 7.9% year-on-year, according to a survey on Tuesday.
The estimates of a group of nine economists surveyed by Anadolu Agency ranged between 3% and 10.8% for the month.
The term "calendar-adjusted" is used to refer to data without calendar and holiday-originated effects.
The economists also projected that the unadjusted industrial production index for January would rise by 8.2% compared to the same month of last year.
In December 2020, the unadjusted and adjusted industrial production indices posted annual rises of 12.1% and 9%, respectively, December reading was up 1.3% from a month ago.
The Turkish Statistical Institute is due to release official figures on Friday.
The country's industrial output dipped in April 2020, falling over 31% year-on-year as the month saw widespread implementation of COVID-19 containment measures. It started to recover last June, fueled by post-pandemic normalization measures.
The figure was on positive territory for seven consecutive months last year.
* Tuba Sahin contributed to this story from Ankara
