Turkey’s industrial production increases by 5.2 pct, highest since January

Turkish Statistics Institute (TurkStat) announced industrial production index (IPI) regarding August 2014, calendar adjusted IPI increased by 5.2 percent compared to August 2013, reaching the highest level since January.

Mining and quarrying sector index increased by 11.3 percent, followed by 7.7 percent increase of electricity, gas, steam and air conditioning supply sector and 4.3 percent of manufacturing index.

However, seasonally and calendar adjusted industrial production decreased by 1.4 percent when compared with the previous month.

The highest increase was announced in mining and quarrying sector by 3.5 percent. Manufacturing index decreased by 2 percent.