Turkish industrial production rose by more than 9 percent in August, the Turkish Statistical Institute (TurkStat) announced Monday, as markets recovered from the effects of July's attempted coup.
"Seasonally and calendar-adjusted industrial production increased by 9.4 percent compared with the previous month," TurkStat said in a report.
Manufacturing output rose 10.8 percent while mining and quarrying production jumped 5.1 percent on July. The electricity, gas, steam and air-conditioning supply index rose 2.8 percent.
On a yearly basis, industrial production was up 2.2 percent on the same month last year.
"There was a consensus in markets that industrial production would show a slower momentum in August but the new figures have shown a more positive outlook than forecast," Enver Erkan, an analyst from KapitalFX investment brokers, said, speaking to Anadolu Agency (AA).
He said the new data should be treated as indication of normalization following the coup bid.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.