Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Turkey Manufacturing Unexpectedly Grew in April, Yields Rise

June 8 (Bloomberg) -- Turkish industrial production unexpectedly expanded in April from a year ago. Bond yields climbed.

Production grew 1.8 percent from April 2011, the statistics agency in Ankara said on its website today. Output was expected to be unchanged, according to the median estimate of six economists questioned by Bloomberg. Production expanded an annual 2.6 percent in March.

Economic growth in Turkey is slowing after the debt crisis in Europe intensified and the central bank tightened monetary policy to stem inflation and bank lending. The annual expansion in the economy slowed for three-straight quarters to 5.2 percent in the final three months of 2011. The government targets growth of 4 percent this year.

Yields on two-year lira bonds rose six basis points to 9.19 percent at 10:16 a.m. in Istanbul.

Monthly output climbed 1 percent from April, the statistics agency said. Annual adjusted output rose 1 percent, it said.

To contact the reporter on this story: Ali Berat Meric in Ankara at americ@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.