Turkish factory output rises 1% yr-on-yr in August

ISTANBUL (Reuters) - Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflation and lira weakness.

Month-on-month, industrial output expanded 2.4% on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said.

(Reporting by Berna Suleymanoglu and Azra Ceylan; Editing by Toby Chopra)

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