Turkey: Industrial output rises 2.1% in March

By Gokhan Ergocun

ISTANBUL (AA) - Turkey's industrial production posted an increase of 2.1% month-on-month in March, Turkish Statistical Institute said on Tuesday.

Among the three main sub-indices, the mining and quarrying, and manufacturing indices rose in the month, 4.1% and 2.2%, respectively, according to TurkStat's statement.

Meanwhile the electricity, gas, steam and air conditioning supply index dropped by 0.6% during the same period.

Industrial production is considered a vital indicator for the economy, as it is seen as a preliminary gauge for GDP growth.

However, the figure dropped 2.2% in March, compared with the same month last year.