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Turkish industrial output slides, growth forecasts lowered
Fawad Maqsood
08 Nov, 2016
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Copyright Reuters, 2016
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![](https://i.brecorder.com/images/2016/11/turkey-flag.jpg">ISTANBUL: Turkish industrial production shrank 3.1 percent year-on-year in September, official data showed on Tuesday, prompting economists to cut their growth forecasts and adding to concern about an outlook marred by political uncertainty. </P><P>Alongside the grim economic data, investor sentiment towards Turkey was hit by a failed July 15 coup and a ratings downgrade, pushing the lira to a series of record lows against the dollar. </P><P>Growth slowed to 3.1 percent year-on-year in the second quarter and economists said the latest data pointed to quarterly contraction in the July-September period. </P><P>)
