Industrial production increases 8.5 percent in Turkiye - ednews.net

27 September, Tuesday

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Industrial production increases 8.5 percent in Turkiye

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Türkiye’s industrial production increased by 8.5 percent year-on-year in June, data from the Turkish Statistical Institute (TÜİK) have shown.

According to Hurriyet Daily, the manufacturing sector’s output rose by 10 percent on an annual basis and increased 1.6 percent in June from May, while the production increases in electricity, gas and steam were 0.6 percent year-on-year and 0.1 percent month-on-month.

However, the mining and quarrying industry’s production declined by 7.1 percent from a year and fell by 2.1 percent compared to May.

The country’s industrial output grew 1.3 percent in June from May, with the monthly rate of increase accelerating from 0.5 percent.

Intermediate goods production exhibited an annual increase of 4.9 percent, while the output in the sector rose 1 percent from May. Durable consumer goods production increased 2.9 percent year-on-year and 3.4 percent monthly. The non-durable consumer goods sector’s output grew more than 16 percent in June from a year ago and advanced 4.9 percent from the previous month.

Türkiye’s energy output increased 1 percent on an annual basis but declined 1.3 percent monthly.

In the capital goods industry, production rose 12.4 percent year-on-year.

 



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