Turkey: Industrial production decelerates in December
Latest reading: Industrial production increased 1.2% on a seasonally adjusted month-on-month basis in December, following 2.6% growth in the prior month.
Relative to the prior month’s data, the reading for manufacturing softened in December (+1.0% in seasonally adjusted month-on-month terms vs +3.2% in November). In contrast, readings picked up for mining and quarrying (+1.3% vs -4.4% in November) and energy (+4.2% vs -0.4% in November).
In annual terms, industrial production declined 2.1% in December, following 2.2% growth in the prior month.