Industrial production drops 0.1 pct in Nov

According to data released by the Turkish Statistical Institute (TÜİK), seasonal- and calendar-adjusted industrial production in November decreased by 0.1 percent compared with the previous month. However, calendar-adjusted industrial production increased by 0.7 percent compared with the same month last year, which is the lowest level of 1.5 years. In the sub sectors of the industry (based on 2010=100), the mining and quarrying index increased by 0.8 percent, the manufacturing index decreased by 0.3 percent, while the electricity, gas, steam and air conditioning supply index increased by 0.5 percent in November 2014, compared with the previous month. In the sub sectors of manufacturing, the largest decrease was in the manufacture of other transport equipment, by 21.9 percent, followed by the manufacture of basic pharmaceutical products and pharmaceutical preparations (7.6 percent) and manufacture of furniture (6.3 percent) in November 2014, compared with the previous month. In the sub sectors of manufacturing, the highest increase was in printing and reproduction of recorded media by 10.1 percent. It is followed by the repair and installation of machinery and equipment (4.0 percent) and the manufacture of fabricated metal products (3.6 percent) in November 2014, compared with previous month.