Turkey's industrial production recorded a 6.4 percent increase in September compared to figures from the same month the year prior, marking a two-year high according to data released by the Turkish Statistics Institute (TurkStat) on Friday.
Turkey's industrial production index recorded a 5.3 percent rise in calendar and seasonally adjusted figures yet rose by 6.4 percent based on calendar-adjusted figures compared to the same month the year prior.
In August, industrial production dropped by 0.1 percent. As a result, September's industrial production index figure of 6.4 percent recorded the fastest increase seen since the seven percent rise realized in November of 2011.
A closer look at the industry's subsectors reveals that compared to figures from the month prior, the mining and quarrying sector index for September rose by 4.9 percent, while the manufacturing industry rose by 6.6 percent and the electricity, gas, steam and acclimatization sector index rose by 1.3 percent.
Based on a comparison of figures from this September to the same month the year prior, the mining and quarrying index dropped by 4.3 percent, whereas the manufacturing industry sector rose by 8.0 percent and the gas, steam and acclimatization sector also recorded a 1.3 percent increase.
According to TurkStat's figures, the highest increase amongst the main groups in the industrial production sector was seen in the manufacturing of durable goods at over 12 percent. As for the manufacturing sector, the highest rise was experienced in the manufacturing of computers, electronic and optical devices.
