Industrial production implies double-digit growth in Q3

Dunya Executive - - OVERVIEW -

Turkey’s ndustr al product on growth accelerated at a faster-than-expected pace n

September to the h ghest level n s x-and-ahalf years, data from the Turk sh Stat st cal Inst tute (TurkStat) showed on Nov. 8. Industr al product on expanded a calendaradjusted 10.4% year-over-year n September, much faster than the 5.3% r se n August. Moreover, the latest rate of ncrease was the steepest s nce March 2011, when product on had grown 11.5%. Econom sts had expected growth to mprove to around 10%.

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