October 13, 2020 - Biz in 60

Turkey's industrial production rises 10.4% in August Turkey's industrial production rose 10-point-four percent from a year ago in August, marking its strongest performance in more than two years. That's as the economic recovery picked up pace following coronavirus lockdowns. Meanwhile, retail sales also jumped five-point-eight percent year-on-year, driven by a surge in online and mail-order sales. UK jobless rate jumps to 4.5% in three months to August The UK unemployment rate has jumped to its highest level in more than three years as the outbreak continued to hurt the labour market. The jobless rate grew to four-point-five percent in the three months to August, up from four-point-one percent in the previous quarter. The number of redundancies also increased by the most since 2009, during the global financial crisis. China's exports, imports rise sharply in September China's trade growth accelerated in September as more trading partners lifted virus restrictions. Shipments abroad rose nine-point-nine percent from a year ago to 240 billion dollars, while imports were also up around 13 percent to 203 billion dollars. As a result, China's trade surplus narrowed to 37 billion dollars from 59 billion dollars in the previous month.