Türkiye's industrial production inches down in May

Türkiye's industrial production inches down in May

Mining and quarrying index up 2.2% and electricity, gas, steam and air conditioning supply rose 0.9% in May, while manufacturing was down 0.4%

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's industrial production was down slightly in May, 0.1% year-on-year, the Turkish Statistical Institute (TurkStat) said on Wednesday.

Among sub-sectors, the mining and quarrying index rose 2.2% in May and the electricity, gas, steam and air conditioning supply index climbed 0.9%, while the manufacturing index fell 0.4%.

While low-tech industrial production dropped 0.6% on a yearly basis, medium-low industrial production was up 0.8% and medium-high industrial production rose 2.8%, while high-tech production narrowed by 18%.

Meanwhile, on a monthly basis, the index was up 1.7% in May.

The manufacturing index rose 2.1% on a monthly basis and the electricity, gas, steam and air conditioning supply index climbed 1%, while the mining and quarrying index lost 3.9%.

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