Turkish industries.

Turkey’s industrial output slumped a more-than-expected 31.4% and its current account deficit widened beyond $5 billion in April as it felt the impact of measures to stem the spread of the novel coronavirus, data showed on Friday. Many factories and businesses halted operations after Turkey identified its first Covid-19 case on March 11 and imposed restrictions. The disruption is expected to mark the second severe contraction in as many years in the major emerging market economy. Month-on-month, industrial production was down 30.4% in April on a calendar and seasonally adjusted basis, according to the Turkish Statistical Institute data.