Turkey’s industrial output rises in October m-o-m

According to data from the Turkish Statistical Institute, Turkey’s industrial production increased by 3.7% month over month in October. In the sub sectors, the index of manufacturing posted a monthly increase of 4.1%. Electricity, gas, steam and air conditioning supply index also rose by 2.9% from a month earlier while mining and quarrying index was up by 0.6% on the month in October.

On a yearly basis, calendar adjusted industrial production was up by 2.0% in October. The manufacturing index increased by 1.7% and the electricity, gas, steam and air conditioning supply index rose by 5.7% on a yearly basis. However, the mining and quarrying index was down by 0.4% in October from a year earlier.

Among the main industrial groupings (MIGs), non-durable consumer goods posted the highest increase by 6.6% in October month on month.
In the sub sectors, the highest monthly rise was reported for manufacture of basic pharmaceutical products, which increased by 20.6% from a month earlier while the highest drop was reported in repair and installation of machinery and equipment by 4.3% on the month.