POLL-The activity of the Turkish plant increased by 10% in September

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Reuters: // realtime / verb = Open / url = cpurl: //apps.cp./Apps/econ-polls? RIC = TRIP% 3DECI poll

ISTANBUL, November 8 (Reuters)Turkey’s industrial production is expected to have grown by 10% per year in September, increasing for the 15th consecutive month as economic activity accelerated after the lifting of coronavirus measures, a Reuters poll showed on Monday.

Production fell by more than 31% in April 2020, with many factories temporarily halting operations during the initial wave of coronavirus. After a strong economic rebound in the second half of 2020, new virus-related curfews were adopted earlier this year but have not affected production.

The median estimate from a Reuters poll of eight institutions showed 10% annual growth in the calendar-adjusted industrial production index in September.

Forecasts ranged from 2% to 13%.

Turkey has imposed curfews, weekend closures and restaurant closures, including a tighter but brief lockdown in April and May due to the increase in COVID-19 cases, but the manufacturing and the economy in general was largely unaffected. All measures were lifted in July.

Turkey’s economy jumped 21.7% year-on-year as expected in the second quarter, official data showed, rebounding powerfully after a sharp slowdown a year earlier due to COVID-19 restrictions.

Analysts expect Turkey’s economy to grow around 10% this year, and President Tayyip Erdogan said last week that he believes double-digit growth will be achieved.

The Turkish Statistical Institute will announce September industrial production figures on November 12 at 07:00 GMT.

(Reporting by Ali Kucukgocmen; editing by Dominic Evans)

(([email protected], @alikucukgocmen; +905319306206; Reuters messaging: Reuters messaging: [email protected]rs.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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