Turkey’s industrial production exceeded expectations as it expanded by 9.6% year-over-year in Walks, official The data showed on Friday, rising for Twenty-first consecutive month as a factory activity remains Strong despite high inflation.
year-over-year growth It remained positive and maintained a strong trend in Economic activity since the lifting of measures for combat coronavirus pandemic in 2020.
On a monthly basis, the index shrank by 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 this week predicted a year-over-year growth of 6.5% in Calendar-adjusted industrial production index.
Month-on-Month, industrial output shrinks 1.8% in Walks on calendar and seasonal adjusted According to the Turkish Statistical Institute (TurkStat).
Economists expect pace of growth in index to slow down in The coming months are approaching a neutral level around the summer. Prospect drop in external demand Or disruption in the supply chain because of Russia invasion of Ukraine can also The effect of industrial production.
in April of 2020, production decreased 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 sharply decline in lira in The impact of December on company and household budgets 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.
