Turkey’s October industrial production projected to rise

ANKARA

Turkey's calendar adjusted industrial production index for October is expected to rise by 8.26%, according to an Anadolu Agency survey on Thursday.

A group of nine economists surveyed by Anadolu Agency projected an increase compared to the same month of 2020.

The estimates for the month ranged between 6.8% and 9.5%.

Meanwhile, the experts estimated that unadjusted industrial production index for the month would increase by 7.71% on an annual basis.

While the adjusted industrial production index increased by 8.9% on an annual basis in September, it decreased by 1.5% on a monthly basis. The unadjusted industrial production index also rose 8.82% year-on- year.

The term "calendar-adjusted" is used to refer to data where calendar and holiday-originated effects are removed.

The Turkish Statistical Institute is due to release official figures on Monday.

*Writing by Aysu Bicer​​​​​​​