Turkish factory output rises 8.5% yr-on-yr in June, beats forecasts

Credit: REUTERS/Umit Bektas

ISTANBUL, Aug 12 (Reuters) - Turkish industrial production expanded 8.5% year-on-year in June, data showed on Friday, rising for a 24th consecutive month against a background of surging inflation and lira weakness, and exceeding a Reuters poll forecast of 6.7% growth.

Month-on-month, industrial output expanded 1.3% on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said.

(Reporting by Canan Sevgili and Oben Mumcuoglu; Writing by Daren Butler; Editing by Ezgi Erkoyun)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

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