May 13, 2022 07:12 GMT
TURKEY MARCH IP FALLS -1.8% M/M; FEB +4.4%
TURKEY MARCH IP RISES +9.6% Y/Y; FEB +13.3%
- The March IP print saw another month of substantial growth compared to March 2021, growing +9.6% y/y, however, production saw a notable slowdown of -1.8% compared to the previous month.
- The month-on-month slowdown was attributable to a decrease in mining and quarrying (-4.9% m/m) followed by manufacturing (-2.2% m/m). The electricity, gas, air conditioning index provided the bulk of March growth, expanding +4.8% m/m.
Keep reading...Show less