Turkish industrial output down 4% in April, slides more than forecast
ISTANBUL, June 18 (Reuters) - Turkish industrial production fell a greater-than-expected 4.0% year-on-year in April, the Turkish Statistical Institute said on Tuesday, logging its eighth consecutive month of declines after the economy tipped into recession last year.
In a Reuters poll, the calendar-adjusted industrial output figure was forecast to fall 2.5% year-on-year. Month-on-month, industrial production was down 1.0% in April on a calendar and seasonally adjusted basis, the institute said.
(Reporting by Daren Butler Editing by Humeyra Pamuk)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.