Economy, News

Turkish industrial production forecast to rise for June

Economists surveyed by Anadolu Agency predict 1.44 pct increase for June

Turkey’s monthly unadjusted industrial production index is expected to rise by 1.44 percent for June, a group of economists said on Friday.

The 12 experts surveyed by Anadolu Agency predicted a rise in June from the same month of the previous year.

The unadjusted industrial production index in June’s survey ranged between a 4.8-percent decrease and a 4.9-percent increase — an average of a 1.44 percent increase.

On the other hand, economists estimated the calendar-adjusted industrial production index will increase 4.2 percent and the seasonally and calendar adjusted index will increase 0.2 percent in June on a year-on-year basis.

Unadjusted and calendar-adjusted industrial production indices were up 4.1 pct and 3.5-pct, while the seasonally and calendar adjusted index was down 1.5 pct on a monthly basis in May, compared to the same month of 2016.

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 Monday.

Source: Anadolu Agency

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