Manufacturing Turkish factory output up 10.8%, car production soars 25.5% By Reuters June 13, 2022 Creative Commons Production in Turkey's automotive sector rose 25.5 percent year-on-year in May to 103,984 vehicles, with exports jumping 51.7 percent to 78,650 Turkish industrial production grew 10.8 percent year-on-year in April, data showed on Monday, more than a Reuters poll forecast of 8 percent and rising for a 22nd consecutive month, holding firm against a background of lira weakness and rampant inflation. Month-on-month, industrial output remained constant in April on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said. Economists expect output growth to slow in coming months and approach neutral around summer. A potential drop in external demand or a supply chain disruption due to Russia’s invasion of Ukraine could also hit production. Production in Turkey’s automotive sector rose 25.5 percent year-on-year in May to 103,984 vehicles, with exports jumping 51.7 percent to 78,650, the Automotive Manufacturers Association (OSD) said on Monday. Commercial vehicle production and exports led the growth in May, the OSD data showed. Automotive production fell 3.5 percent in the first five months of the year while exports fell 2.7 percent, according to the data.
