Industrial output sees 8.4% rise on monthly basis, up 4.4% y-o-y
The industrial production in Turkey rose 8.4% in July month-on-month, the country’s statistical authority said on Monday.
When the subsectors of the industry were examined, manufacturing index posted the highest rise in the month with 8.6% compared with a month earlier.
“Mining and quarrying index also increased by 5.4% and electricity, gas, steam and air conditioning supply index rose by 6.4% in July 2020,”the Turkish Statistical Institute (TurkStat) said.
Meanwhile, the industrial production increased by 4.4% on an annual basis.
While mining and quarrying index went down by 4.9%, manufacturing index posted a 5.1% rise in July compared with same month of previous year.
Electricity, gas, steam, and air conditioning supply index also increased by 1.4% in July annually.