Bloomberg News

Lira Advances After Industrial Output Rose Less Than Expected

January 09, 2012

Jan. 9 (Bloomberg) -- The lira climbed against the dollar for a second day after industrial output in November gained 8.4 percent, less than economists expected.

The lira advanced 0.6 percent to 1.8688 at 10:03 a.m. in Istanbul. Industrial output was expected to increase 10 percent, according to the median estimate of nine economists in a Bloomberg survey.

To contact the reporter on this story: Selcuk Gokoluk in Istanbul at sgokoluk@bloomberg.net

To contact the editor responsible for this story: Mark Bentley at mbentley3@bloomberg.net


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