Economy

Turkish industrial production forecast to fall for Dec.

Economists surveyed by Anadolu Agency predict 6.8 pct decrease for last month of 2018

Gökhan Ergöçün   | 11.02.2019
Turkish industrial production forecast to fall for Dec.

Istanbul

By Gokhan Ergocun

ISTANBUL 

Turkey's unadjusted industrial production index is expected to drop by 6.8 percent for December 2018, economists said on Monday.

The 10 experts surveyed by Anadolu Agency predicted a decrease compared to the same month of 2017. 

The unadjusted industrial production index in December’s survey ranged between a 4-percent and a 9-percent decrease -- an average of a 6.8 percent decrease. 

On the other hand, in December, economists estimated the calendar-adjusted industrial production index will decrease 7.2 percent on an annual basis, and the seasonally and calendar adjusted index will increase 0.8 percent on a monthly basis. 

Unadjusted and calendar-adjusted industrial production indices were both down 6.5 percent year-on-year in November 2018.

The seasonally and calendar adjusted index was also down 0.3 pct month-on-month in November.

The term "calendar adjusted" is used to refer to data where calendar and holiday-originated effects are removed. 

The Turkish Statistical Institute is due to release official inflation figures on Thursday.

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