Turkey’s industrial production is expected to expand by 6.5% in Walks, rising for Twenty-first consecutive month as a factory activity remains A Reuters poll on Tuesday showed it was solid despite rising inflation.
year-over-year growth It has remained positive since the easing of the Corona virus measures in 2020. On a monthly basis, the index shrank 2.4% in January due to electricity and natural gas outages in industrial facilities caused by technical failure in Iran.
average rating in Reuters poll of Seven institutions showed year-over-year growth of 6.5% in Calendar-adjusted Industrial Production Index in Walks.
Forecasting for The pointer, as a raw pointer of economic growthranging from 2.5% to 12.5%.
Economists expect pace of growth in index to slow down in The coming months are approaching a neutral level in the summer. Prospect drop in external demand Or disruption in the supply chain because of Russia invasion of Ukraine can also The impact of industrial production after February.
in April of In 2020, production fell sharply more more than 30% in The face of The initial wave of the Corona virus. since then made strong recovery Because subsequent measures largely bypassed the manufacturing sector and most of the remaining restrictions were lifted in July of last year.
Turkey economy grew 11% last year and up sharply from year Earlier, but sharp sale in lira in The impact of December on the budgets of companies and families and the increase in inflation via import prices.
Coronavirus pandemic late 2021 coin dropwhich has now been controlled, the result jump To nearly 70% inflation, as well as the repercussions of Russia invasion of Ukraine, is expected to hamper growth in 2022.
The government and the middle bank Expect about 7% growth in The first quarter of 2022.
The Turkish Statistical Institute (TurkStat) will announce industrial production numbers for March at 7 am GMT on May 13.
