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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
MNI (London)
TURKEY OCT INDUSTRIAL PRODUCTION +2.4% M/M (FCST -0.7%); SEP -1.6% M/M
TURKEY OCT INDUSTRIAL PRODUCTION +2.5% Y/Y (FCST -0.2%); SEP +0.5%r Y/Y
- Turkish industrial production rebounded in October, expanding by +2.4% m/m and outpacing forecasts of a -0.7% m/m contraction. This was a swift recovery from the -1.6% m/m fall in September, with production increasing by +2.5% y/y.
- Manufacturing production remained expansive, up +2.5% m/m and +3.7% y/y, whilst mining and electricity/gas categories recorded contractions on the year.
- The October boost is likely to have been short-lived, as the Turkey manufacturing PMI has signalled contraction since March and weakened further in November. Export demand had slowed to a 2.5-year low.
- Turkey faces a difficult economic backdrop headed into the Winter months, as the country grapples with soaring inflation (over 80%), whilst demand from key trading partners has weakened substantially on the back of recessionary fears.
Source: TURKSTAT
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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