Turkish industrial output rose 8.7% annually in July, much less than forecast after a recent strong rebound, while the current account deficit was wider than expected, data showed on Monday, fuelling speculation about the timing of possible rate cuts. The disappointing data came after a strong run in which recoveries in consumption, exports and tourism set the economy on a path to near 10% overall growth this year, leaving last year’s initial coronavirus fallout behind. Month-on-month, industrial output shrank 4.2% in July on a calendar and seasonally adjusted basis, the Turkish Statistical Institute said. In a Reuters poll, production was forecast to rise 15.1% annually in July after surgi
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