Ziraat Securities

Turkish industrial production was up sharply in June, as manufacturing and energy output surged, the Turkish Statistical Institute reported on Aug. 7.

Industrial production increased 5.5 percent in June, compared with the same month last year, the report said. Production was also up 2.4 percent from May 2015.

Inflation in Turkey dropped sharply in June with decreasing food prices, the Turkish Statistical Institute (TÜ?K) stated on July 3, but analysts doubt that a further decline is in store. 

The Consumer Price Index dropped 0.51 percent in June from May, bringing the annual inflation rate to 7.20 percent in June from 8.09 percent in May.