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Turkish factory activity expanded 6.5% in March

13 Tháng Năm 2022
Turkish factory activity expanded 6.5% in March © Reuters. FILE PHOTO: Melters work with fused gold during the production of ingots in Ahlatci Metal Refinery in the central Anatolian city of Corum, Turkey, May 11, 2017. REUTERS/Umit Bektas

ISTANBUL (Reuters) -Turkey's industrial production is expected to have expanded 6.5% in March, rising for a 21st consecutive month as factory activity remains strong despite rampant inflation and an ailing local currency, a Reuters poll showed on Tuesday.

Year-on-year growth has remained positive since coronavirus measures were eased in 2020. On a monthly basis, the index shrank 2.4% in January due to electricity and natural gas cuts at industrial facilities stemming from a technical failure in Iran.

The median estimate in the Reuters poll of seven institutions showed year-on-year growth of 6.5% in the calendar-adjusted industrial production index in March.

Forecasts for the index, seen as a preliminary indicator of economic growth, ranged between 2.5% and 12.5%.

Economists expect the pace of growth in the index to slow in coming months and approach a neutral level around summer. A potential drop in external demand or a supply chain disruption due to Russia's invasion of Ukraine could also impact industrial production after February.

In April of 2020, output plummeted more than 30% in the face of the initial coronavirus wave. It has since made a strong recovery because subsequent measures largely skirted the manufacturing sector, and most remaining restrictions were lifted in July of last year.

Turkey's economy grew 11% last year, up sharply from a year earlier, but a sharp selloff in the lira in December upended company and household budgets, and sent inflation soaring via import prices.

The late-2021 currency crisis and resulting jump to 70% inflation, as well as fallout from Russia's invasion of Ukraine, are expected to hamper growth in 2022.

The government and the central bank expect around 7% growth in the first quarter of 2022.

The Turkish Statistical Institute will announce March industrial production figures at 0700 GMT on May 13.

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27-05-2022 13:19:27 (UTC+7)

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 EUR/USD1.0755↑ Buy
 GBP/USD1.2640Neutral
 USD/JPY126.79↑ Sell
 AUD/USD0.7136↑ Buy
 USD/CAD1.2754Buy
 EUR/JPY136.37↑ Buy
 EUR/CHF1.0302↑ Sell
 Gold1,854.24↑ Buy
 Silver22.112Sell
 Copper4.2795Neutral
 Crude Oil WTI113.75↑ Sell
 Brent Oil113.84↑ Sell
 Natural Gas8.817↑ Sell
 US Coffee C225.78↑ Sell
 Euro Stoxx 503,740.31Sell
 S&P 5004,057.84↑ Sell
 DAX14,231.29↑ Sell
 FTSE 1007,564.92↑ Sell
 Hang Seng20,524.00Sell
 Small Cap 20001,838.24Buy
 IBEX 358,888.80↑ Sell
 BASF50.790Neutral
 Bayer65.90↑ Buy
 Allianz198.80↑ Buy
 Adidas176.76↑ Buy
 Lufthansa6.850↑ Buy
 Siemens AG118.52↑ Buy
 Deutsche Bank AG10.414↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,830/ 6,940
(10/ 20) # 1,723
SJC HCM6,840/ 6,940
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SJC Hanoi6,840/ 6,942
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SJC Danang6,840/ 6,942
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$1,854.73+1.820.10%
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RON 95-V31.25031.870
RON 95-III30.65031.260
E5 RON 92-II29.63030.220
DO 0.05S25.55026.060
DO 0,001S-V26.35026.870
Dầu hỏa 2-K24.40024.880
ↂ Giá dầu thô thế giới
WTI$112.75+0.240.21%
Brent$113.87+0.570.50%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.030,0023.340,00
EUR24.263,1125.622,23
GBP28.523,9629.740,84
JPY177,60188,03
KRW15,9119,38
Cập nhật lúc 13:14:46 27/05/2022
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