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Turkey’s industrial output increases in Oct

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/12/2014 (11:22)
According to data from the Turkish Statistical Institute, Turkey’s calendar adjusted industrial production increased 2.4% year over year in October. However, the country’s seasonally and calendar adjusted industrial output was down 1.8% month over month in October.

In the sub sectors, the manufacturing index increased 2.0% year on year while the mining and quarrying index expanded by 6.6 %. The electricity, gas, steam and air conditioning supply index also increased 2.9% in October compared with the same period of 2013. On a monthly basis, the manufacturing index declined 1.7% while the electricity, gas, steam and air conditioning supply index was down 2.2% in October. The mining and quarrying index also retreated by 2.9% when compared to September’s figures.

Meanwhile, among the main industrial groupings, the largest monthly decrease in calendar and seasonally adjusted terms was reported for durable goods, which declined by 5.5% in October. In the sub-sectors of the manufacturing sector, the highest monthly decrease was seen in the manufacturing of transport equipment, which weakened by 19.2% while the manufacture of tobacco products posted the highest monthly increase, rising by 10.7% in October.
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