Türkiye’s industrial production growth rebounds in August
Türkiye’s industrial output growth accelerated in August after easing in the previous month, according to the official data released by the Turkish Statistical Institute (TurkStat) on Thursday.
Industrial output expanded 7.1% on a yearly basis in August, faster than the 5.2% increase in July. Production has been rising since March.
Among sectors, mining and quarrying output growth accelerated to 2.6% from 0.9%, and the manufacturing output expanded at a quicker pace of 7.7% versus a 5.6% rise in July.
Data showed that utility sector production grew sharply by 6.1%.
Of the 12 sub-sectors measured, 11 posted annual rises, while one declined.
The capital goods index climbed 21% year-on-year in August, the medium-high technology index rose 19%, and the high technology index increased 8.5%, the data revealed.
However, the durable consumer goods index lost 4.6% yearly.
Month-on-month, industrial output rose 0.4%, reversing a 1.7% fall in the previous month.
Of the 12 subsectors measured, six posted monthly rises, while the other six declined.
