Turkey's industrial production growth at 18-month low

ANKARA - Turkey’s annual industrial production growth in November slowed to its lowest point over the last 18 months, official data revealed on Thursday.

“Calendar-adjusted industrial production increased by 0.7 percent compared with the same month last year,” the Turkish Statistical Institute said in a report.

This is the lowest performance by Turkish industry since May 2013.

Seasonally and calendar-adjusted industrial production saw a 0.1 percent decrease in November compared with the previous month.

Economists polled by Anadolu Agency saw 0.6 percent growth in Turkey’s November industrial production.

Among main industrial groupings, the largest decline was observed in durable consumer goods with a 2 percent drop compared to the previous month.

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