UPDATE - Turkiye's industrial output soars in December

UPDATE WITH MONTHLY FIGURES

By Gokhan Ergocun

ISTANBUL (AA) - Turkiye's calendar-adjusted industrial production soared 14.4% in December on a yearly basis, the country's statistical authority announced on Friday.

While the mining and quarrying sector posted negative results, the manufacturing industry and the electricity, gas, steam, and air conditioning supply indices were on the positive side, data from the Turkish Statistical Institute (TurkStat) indicated.

The mining and quarrying sector index dropped 1.4% year-on-year in December.

The manufacturing industry and the electricity, gas, steam, and air conditioning supply indices were up 16.2% and 8%, respectively, over the same period.

A group of eight experts surveyed by Anadolu Agency this week had projected an 10.8% annual rise in December's industrial production data.

- Monthly comparison

Turkiye’s industrial output increased by 1.6% in December compared to the previous month.

The mining and quarrying sector index dropped by 3.4% month-on-month in December.

Over the month, the manufacturing, and gas, steam, and air conditioning supply index were up by 1.8% and 0.6%, respectively, versus November.