Turkey’s industrial production up 4.3% m-o-m in July


Turkey’s industrial production in July rose 4.3% on a monthly basis, the country’s statistical authority said Friday. 

The manufacturing index saw the highest monthly rise among industrial sub-sectors, with 4.7%, TurkStat said.

The mining and quarrying index also went up 3.2%, while the electricity, gas, steam, and air conditioning supply index fell 0.5% during the same period.

However, on an annual basis the country’s industrial output decreased 1.2% in July.

Mining and quarrying was the sole sector which saw improvement in July, rising 7.8% from the same month last year.

The electricity, gas, steam and air conditioning supply index posted the worst performance on a yearly basis, going down 2.4%.

TurkStat data showed that the manufacturing index slipped 1.3% year-on-year in July.
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