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Turkey’s industrial production up 10.4 percent in September

by Daily Sabah with AA

ISTANBUL Nov 08, 2017 - 12:00 am GMT+3
File Photo
|File Photo
by Daily Sabah with AA Nov 08, 2017 12:00 am

Turkey's calendar adjusted industrial production increased by 10.4 percent in September compared to the same month last year, while an increase of 0.6 percent took place when compared with August, according to data released by the Turkish Statistical Institute (TurkStat) on Wednesday.

The mining and quarrying index increased by 4.6 percent, and the manufacturing index increased by 10.4 percent while the electricity, gas, steam and air conditioning supply index increased by 13 percent in September compared to the same month of the previous year.

Among all sections and main industrial groupings, the highest increase year-on-year was seen in the durable consumer goods index with a 36.5 percent hike, official data showed.

Compared with the previous month, the mining and quarrying index increased by 5.7 percent, the manufacturing index increased by 0.2 percent and the electricity, gas, steam and air conditioning supply index increased by 1.6 percent in September.

The durable consumer goods index surged 6.6 percent from August to September.

In the third quarter of 2017, calendar adjusted industrial production increased by 10 percent compared with the same quarter of the previous year. Seasonally and calendar adjusted industrial production increased by 1.9 percent compared with the previous quarter.

According to the institute, the purpose of calculating the monthly industrial production index is to measure the evolution of economy and the positive and negative effects of economical political decisions in short term.

TurkStat will release the next monthly figures on December 8, 2017.

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