Turkey’s industrial output declines 3.8% in September

According to data from the Turkish Statistical Institute, Turkey’s seasonally and calendar adjusted industrial production declined by 3.8% month over month in September. In the sub sectors, the index of manufacturing posted a monthly decrease of 3.9% while the electricity, gas, steam and air conditioning supply index fell by 3.3% from a month earlier. Meanwhile, the mining and quarrying index dropped 2.9% on the month in September.

On a yearly basis, however, calendar adjusted industrial production fell by 3.1% in September. The manufacturing index went down 3.7% and the electricity, gas, steam and air conditioning supply index declined 1.2% on a yearly basis while the mining and quarrying index was up 2.3% in September from a year earlier.

Among the main industrial groupings, the steepest monthly decline was reported for durable consumer goods, which decreased by 14.2% from a month earlier. Plus, the manufacturing of furniture posted the largest decrease on a seasonally and calendar adjusted basis among manufacturing sub-sectors at 20.4% in September.