Seyfettin Gürsel and Onur Altındağ
According to the industrial production index released by TURKSTAT in April, industrial production decreased by 18.5% annually. Meanwhile, we observe an increase of 1% after seasonally adjusting the data and correcting for the number of working days. This increase comes after 11 months of consecutive decreases. In addition, the industrial capacity utilization rate rose by 2.4% in April and 2.6% in May. It looks like the worst part is over; however, the pace of the recovery remains uncertain. Turkish economy will have to wait for the revival of the global economy, especially for the exports to reach its pre-crisis level.
doc. ResearchBrief038
pdf. ResearchBrief038