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Turkey: Industrial output records largest decrease in one year in April
Latest reading: Industrial output decreased 3.1% in month-on-month seasonally adjusted terms in April, which contrasted March’s 3.4% increase. The result marked the worst reading since April 2024. April’s reading was chiefly driven by a deterioration in manufacturing output, as it recorded the largest drop since April 2024. In addition, mining and quarrying output shrank.
On an annual basis, industrial production rose at a faster rate of 3.3% in April (March: +2.5% yoy). Moreover, the trend improved, with the annual average variation of industrial production coming in at minus 0.4% in April, up from March’s minus 0.7% reading.
