ECONOMY

Turkish industrial production forecast to rise in July

TURKISH INDUSTRIAL PRODUCTION FORECAST TO RISE IN JULY

Turkey's monthly unadjusted industrial production index is expected to rise by 16.1 percent year-on-year in July, a group of economists said on Thursday.

The seven experts surveyed by Anadolu Agency predicted a rise in July from the same month of the previous year.

The unadjusted industrial production index in July's survey ranged between 9.9 percent and 22.1 percent -- for an average of 16.1-percent.

Moreover, economists estimated the calendar-adjusted industrial production index would increase by 10 percent and the seasonally calendar-adjusted index would decrease by 0.4 percent in July on a year-on-year basis.

The term "calendar adjusted" is used to refer to data where calendar and holiday-originated effects are removed.

The Turkish Statistical Institute is due to release official inflation figures on Friday.

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