Business

Turkey’s industrial output climbs in January

Highest annual improvement seen in mining and quarrying with 8.5% while all sub-indices of industry posted rise

Turkey’s industrial output in January boosted 7.9% from the same month last year, the country’s statistical authority said on Friday.

Among the three main sub-indices, the mining and quarrying index posted the highest annual increase in the month, with 8.5%, TurkStat said in a statement.

The manufacturing index went up 8.2%, while the electricity, gas, steam, and air conditioning supply index rose 3.8% during the same period.

Industrial production is considered a vital indicator for the economy, as it is seen as a preliminary gauge for GDP growth.

However, on a monthly basis the figure slipped 0.2% in January.

Source
Anadolu Agency

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