Business

Turkish industry performs better than EU

Turkey’s industrial output in November 2019 was higher than the EU’s average in the same month.

While the EU average was negative 1.3%, the index dropped 1.5% in the eurozone, and rose 5.1% in Turkey, according to the data compiled by Anadolu Agency from official statistics offices — Eurostat and TurkStat.

With these figures, Turkey overtook 23 of 25 EU countries, of which data are available in November 2019. The industrial production rose 5.7% in Hungary and 5.6% in Poland.

The index dropped the most in Greece with 8.3%, while Romania (7.5%), and Estonia (7.2%) followed it.

Industrial production in major EU economies, known as locomotive, also performed below expectations.

The index in Germany, the largest economy in the union, dropped 4% year-on-year in November.

While it rose 1.2% in France, Italy also posted a drop with 0.6% in November 2019, versus the same month of 2018.

The U.K.’s industrial outlook decreased 1.9% as well.

Source
Anadolu agency

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