UPDATES WITH TRADE MINISTER'S COMMENTS; ADDS ANOTHER DECK; CHANGES HEADLINE; EDITS THROUGHOUT
By Mucahithan Avcioglu
ISTANBUL (AA) - Türkiye's industrial production expanded 8.3% year-on-year in June, hitting the highest level in 16 months, the Turkish Statistical Institute (TurkStat) said Monday.
Of the 12 sub-sectors measured, 10 posted annual rises, while two declined.
The high technology index soared 88.2%, capital goods climbed 20%, and manufacturing rose 9.5% compared to June last year.
However, the durable consumer goods index lost 1.4% yearly, and the electricity, gas, and steam index dropped 1.1%.
On a monthly basis, the overall industrial production expanded 0.7% in June.
Of the 12 sub-sectors measured, six posted monthly rises, while the other six declined.
Among monthly figures, high technology production surged 38.1%, capital goods rose 4.8%, and the electricity, gas, steam index gained 1.9%.
Meanwhile, production in mining and quarrying declined 5% on a monthly basis, durable consumer goods fell 4.4%, and medium-high technology was down 3.5% in June.
Evaluating the data, Türkiye's Trade Minister Omer Bolat stressed that the industrial production index reached its highest level in the last 16 months on an annual basis in June.
*Bolat stated that in the second quarter of this year, the index rose to 5.5%, demonstrating the strengthening of growth performance.
"Accordingly, the Turkish economy, which grew by 2% in the first quarter of this year, is expected to achieve even stronger growth in the second quarter," he said in a written statement.