Bloomberg News

Turkish May Adjusted Industrial Output Falls 0.3% in Month

July 08, 2011

July 8 (Bloomberg) -- Turkish industrial production declined 0.3 percent in May from a month earlier, the fourth consecutive monthly fall, according to data published by the government statistics agency in Ankara on its website today.

Output rose 5.1 percent from May 2010 when adjusted for the number of working days, the statistics agency said. Without adjustment, the annual figure gained 8 percent, compared with a median forecast of 8.1 percent in a Bloomberg survey of 10 economists.

To contact the reporter on this story: Steve Bryant in Ankara at sbryant5@bloomberg.net

To contact the editor responsible for this story: Steve Bryant at sbryant5@bloomberg.net


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