Local Turkey

Turkish industrial output forecast to rise significantly in May

Economists surveyed by Anadolu Agency predict 38.2% rise year-on-year

Turkey’s calendar-adjusted industrial production index is expected to rise 38.2% year-on-year in May, said a group of economists on Thursday.

Estimates of seven economists surveyed by Anadolu Agency ranged between 35% and 40.50%.

Moreover, economists predicted the unadjusted industrial production index will climb by 38.8% in May.

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 figures on Tuesday.

Source
AA

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