While the industrial production index did not show any change on a monthly basis in April, it increased by 10.8% on an annual basis.
Turkish Statistical Institute (TUIK) announced the industrial production index results for April.
Accordingly, the calendar-adjusted industrial production index increased by 10.8% in April compared to the same month of the previous year. The unadjusted industrial production index also increased by 10.5% on an annual basis.
When the sub-sectors of the industry are analyzed, it is seen that the index increased by 7.4% in the mining and quarrying sector, by 11.9% in the manufacturing industry sector, and decreased by 0.4% in the electricity, gas, steam and air conditioning production and distribution sector in April compared to the same month of the previous year.
Monthly data on industrial production
Seasonally and calendar-adjusted industrial production remained unchanged in April compared to March.
In the given month, compared to the previous month, the mining and quarrying sector index increased by 3.4% and the manufacturing industry sector index increased by 0.1%, while the electricity, gas, steam and air conditioning production and distribution sector index decreased by 3.3%.
Economists had expected the calendar-adjusted industrial production index to increase by 8.3% in April compared to the same period last year. The unadjusted industrial production index was also predicted to increase by 7.6% on an annual basis.
On the other hand, the calendar-adjusted annual rate of change was revised from 9.6% to 9.8% in March.
Source: Trthaber / Translated by Irem Yildiz