Türkiye’s industrial production projected to rise in August

ISTANBUL

Türkiye’s calendar-adjusted industrial production index for August is expected to post a 4% rise, an Anadolu Agency survey found on Friday.

Estimates from a group of eight economists ranged between 1.5% and 8.4%.

The economists also projected that unadjusted industrial production index would increase 6.6% on an annual basis in August.

Both the adjusted and unadjusted industrial production index increased 3.1% on an annual basis in July.

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 official figures on Oct. 12.