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Türkiye's industrial production slows down slightly in May

by Daily Sabah with AA

ISTANBUL Jul 10, 2024 - 11:20 am GMT+3
A worker is photographed in a factory producing furniture, Ankara, Türkiye, Aug. 31, 2023. (AA Photo)
A worker is photographed in a factory producing furniture, Ankara, Türkiye, Aug. 31, 2023. (AA Photo)
by Daily Sabah with AA Jul 10, 2024 11:20 am

Industrial output in Türkiye was slightly down annually in May, the country's statistical authority announced on Wednesday.

Industrial production was down 0.1% from a year earlier, the Turkish Statistical Institute (TurkStat) said.

Among sub-sectors, the mining and quarrying index rose 2.2% in May and the electricity, gas, steam and air conditioning supply index climbed 0.9%, while the manufacturing index fell 0.4% compared with the same month last year.

While low-tech industrial production dropped 0.6% on a yearly basis, medium-low industrial production was up 0.8% and medium-high industrial production rose 2.8%, while high-tech production narrowed by 18%, according to the data.

On a monthly basis, the index was up 1.7% in May.

The manufacturing index rose 2.1% on a monthly basis and the electricity, gas, steam and air conditioning supply index climbed 1%, while the mining and quarrying index fell 3.9%.

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    turkish economy industrial production industrial output türkiye
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