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Turkey's industrial output slightly up in June

Turkey's industrial output slightly up in June
Manufacturing index rises 1% year-on-year in June, while rest of main sub-indices post decrease

By Tuba Sahin

ANKARA (AA) – Turkey’s industrial output in June rose 0.1% from the same month last year, the country’s statistical authority said Friday.

Among the three main sub-indices, the manufacturing index was the sole index posting an annual increase in the month, with 1%, TurkStat said in a statement.

The mining and quarrying index slipped 8%, while the electricity, gas, steam, and air conditioning supply index fell 6.4% 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.

On a monthly basis, the figure jumped 17.6% in June, driven by improvements in all main sub-indices, TurkStat data showed.

source: News Feed
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