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Turkey's Shrinking Industrial Output Shows Economy Still Weak

Turkey’s industrial output shrank for the fifth month in a row in January, the clearest evidence of continued weakness in the Middle East’s largest economy after it fell into a technical recession during the last quarter of 2018.

Combined production of Turkish manufacturers, miners and power producers slumped 7.3 percent from a year earlier, less than the median 8 percent drop predicted in a Bloomberg survey of economists. Output rose 1 percent from December, according to data published by Turkstat on its website.