Local Turkey

Turkey: Industrial output rose 9% year-on-year in December

Manufacturing index posted highest annual increase among industrial sub-sectors, according to official data

Turkey’s industrial production index in December rose 1.3% on a monthly basis and 9% on an annual basis,the country’s statistical authority said Friday.

The manufacturing index saw the highest year-on-year rise among industrial sub-sectors, with 9.5%,the Turkish Statistical Institute (TurkStat) said in a statement.

The electricity, gas, steam, and air conditioning supply index went up 4.9%, while the mining and quarrying index rose 6% during the same period.

Meanwhile, in the fourth quarter of 2020, calendar-adjusted industrial production climbed 10.1% compared with the previous year’s same quarter.

Seasonally and calendar-adjusted industrial production rose 4.8% compared to the previous quarter.

The term “calendar-adjusted” is used to refer to data without calendar and holiday-originating effects.

Source
Anadolu Agency

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