Turkey: Sept industrial production projected to rise

ISTANBUL

Turkey's unadjusted industrial production index for September is expected to rise by 8.7%, according to an Anadolu Agency survey on Wednesday.

A group of 11 economists surveyed by Anadolu Agency projected an increase compared to the same month of 2019.

The estimates for the month ranged between 4.3% and 12.5%.

Meanwhile, the experts estimated that the calendar-adjusted industrial production index for the month would increase by 7.3% on an annual basis.

In August 2020, the unadjusted and adjusted industrial production indices were up 16% and 10.4%, respectively, 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 the official figures on Friday.

*Writing by Gokhan Ergocun