Turquía - Producción industrial

Turkey's industrial production rose 3.8 percent from a year earlier in October 2019, accelerating from an upwardly revised 3.6 percent growth in the previous month, but far below market expectations of 6.2 percent. This was the second straight month of increase in industrial production, boosted by production of intermediate goods (4.2 percent vs 0.1 percent), energy (8.4 percent vs 8.2 percent), capital goods (3.0 percent vs 7.1 percent), and non-durable consumer goods (4.9 percent vs 9.3 percent). In addition, durable consumer goods production fell at softer 5.1 percent (vs -15.6 percent in September). On a seasonally adjusted monthly basis, industrial output decreased 0.9 percent, after an upwardly revised 3.4 percent gain in September.

Turkey's industrial production jumped 3.4 percent from a year earlier in September 2019, following 12 consecutive months of declines, as output rebounded for both capital (6.9 percent vs -5 percent in August) and intermediate goods (0.1 percent vs –6.5 percent). Also, output continued to grow for non-durable consumer goods (8.9 percent vs 0.9 percent) and energy (8.1 percent vs 3.6 percent). Meantime, durable consumer goods production slumped 15.8 percent (vs -8.9 percent in August). On a seasonally adjusted monthly basis, industrial output increased 3.2 percent, after a 2.7 percent fall in August.

Turkey industrial production dropped 3.6 percent over a year earlier in August 2019, following a downwardly revised 1.1 percent fall in the previous month. That was the 12th consecutive month of contraction in the industry sector, as output went down for capital goods (-5 percent vs 2.1 percent in July). Also, production declined further for durable consumer goods (-9 percent vs -6.7 percent) and intermediate (-6.5 percent vs -5.2 percent). Additionally, output growth eased for non-durable consumer goods (0.9 percent vs 3.5 percent). Meanwhile, energy production increased at a faster pace (3.6 percent vs 2.2 percent). On a seasonally adjusted monthly basis, industrial output decreased 2.8 percent, after a 4.3 percent gain in the prior month.

Turkey industrial production fell 1.2 percent from a year earlier in July 2019, following a revised 3.7 percent drop in the previous month. That was the 11th straight month of contraction in the industry sector, led by declines in durable consumer goods production (-7 percent vs 14.4 percent) and intermediate goods output (-5.3 percent vs -7.9 percent). In contrast, non-durable consumer goods production rose by the most (3.3 percent vs -1.6 percent), followed by energy (2.3 percent vs 3.9 percent) and capital goods (2 percent vs -5.7 percent). On a seasonally adjusted monthly basis, industrial output jumped 4.3 percent in July, reversing a 3.5 percent slump in June.

Turkey's industrial production shrank 3.9 percent year-on-year in June of 2019, following a 1.3 percent slump in the previous month and above an expected 1.01 percent fall. It was the tenth straight monthly decline in industrial activity and the steepest since February. Output dropped further for intermediate goods (-8.1 percent from -6.6 percent in May) and production decreased for non-durable goods (-2.0 percent from 1.0 percent) and capital goods (-5.8 percent from 3.0 percent). Meantime, output slowed for energy (3.9 percent from 7.7 percent) while it rebounded for durable consumer goods (14.9 percent from -1.5 percent). On a seasonally adjusted monthly basis, industrial production slumped 3.7 percent, after a downwardly revised 1.2 percent gain in May.

Turkey's industrial production shrank 1.3 percent year-on-year in May 2019, following a downwardly revised 3.8 percent slump in the prior month but less than an expected 2.35 percent decline. Industrial activity has been falling uninterruptedly since last September. In May, output went down for intermediate goods (-6.7 percent vs -8.3 percent in April); durable consumer goods (-2.1 percent vs 0.5 percent); while slowed for non-durable consumer goods (0.9 percent vs 2.1 percent). On the other hand, output grew faster for energy (7.7 percent vs 4.6 percent) and it rebounded for capital goods (3.4 percent vs -7.6 percent). On a seasonally adjusted monthly basis, industrial production rose 1.3 percent, after a downwardly revised 0.9 percent fall in the previous month.