March Industrial Production

Most analyst reports were almost positive on the March Industrial production data despite the 20.9% yoy contraction, as there was a small mom upward tick. They are other indicators that the economy might have hit bottom in 1Q. But just to put things into perspective and because a picture is worth more than a thousand words, as I have said before (from the same report):

I am so glad the crisis has gone tangent, as PM Erdogan insists on claiming. I guess the diameter would be something on the order of Slovakia...