ECONOMY

Turkey: Industrial production forecasted to rise in November

Turkey's yearly unadjusted industrial production index for November 2017 is expected to rise by 5.6 percent, a group of economists said on Friday.

A group of 15 experts surveyed by Anadolu Agency projected the figure ahead of Monday's announcement of the industrial production index for November 2017.

The unadjusted industrial production index in November 2017's survey ranged between a 2.1 percent and 8 percent -- an average of a 5.6 percent increase.

Meanwhile, economists estimated the calendar-adjusted industrial production index to increase 5.9 percent year-on-year, while the seasonally calendar-adjusted index would remain same on a monthly basis.

Unadjusted and calendar-adjusted industrial production indices were up 8.9 percent and 7.3 percent, respectively in October 2017 on yearly basis, while the seasonally and calendar adjusted index was up 0.7 percent on a monthly basis last October.

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

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