Economists surveyed by Anadolu Agency forecast 63.5% increase for April
Turkey’s calendar-adjusted industrial production index for April is expected to rise by 63.5% year-on-year, according to a survey on Tuesday.
The estimates of a group of 11 experts surveyed by Anadolu Agency ranged between 52% and 70.5% with an average increase of 63.5%.
They also estimated that the unadjusted industrial production index for the same month would increase by 61.8% on an annual basis.
In March 2020, the calendar-adjusted and unadjusted industrial production indices were up 16.6% and 19.9%, respectively, year-on-year.
The term “calendar-adjusted” is used to refer to data where calendar and holiday-originated effects are removed.