Turkish industrial output falls 2.2%, less than expected

ISTANBUL: Turkish industrial production fell a less-than-expected 2.2% year-on-year in March, the Turkish Statistical Institute said on Tuesday, logging its seventh consecutive month of declines after the economy tipped into recession last year.

In a Reuters poll, the calendar-adjusted industrial output figure was forecast to fall 4.25% year-on-year. Month on month, industrial production was up 2.1% in March on a calendar and seasonally adjusted basis, it said.