Turkey’s industrial output up, retail sales down in Jan

According to data from the Turkish Statistical Institute (Turkstat), Turkey’s industrial production increased by 1.3% in January on the month. In the sub sectors, the index of manufacturing was up by 1.6% while electricity, gas, steam and air conditioning supply index rose by 1.5% from a month earlier. However, mining and quarrying index was down by 4.1%.

Calendar adjusted industrial production was also up annualy by 2.8% in January. The index of manufacturing was up by 2.8% while electricity, gas, steam and air conditioning supply index rose by 2.7% from a year earlier. However, mining and quarrying index was down by 13.7%.

Among the main industrial groupings (MIGs), the output in energy sector posted the largest increase by 3.7% in January month on month.

In the sub sectors, the largest monthly rise was reported for manufacture of furniture by 18% while the largest decrease was recorded in manufacture of computer, electronic and optical products by 15.9%.
Turkey’s retail sales, meanwhile, posted a monthly decrease of 0.6% in January from a month earlier. They also dropped by 2% when compared to the same month of last year.

The data showed that non-food sales and automotive sales decreased by 1.5% and 0.2% respectively while food, drinks and tobacco sales increased by 0.5%. Within the non-food sectors, the largest decreases were recorded in sales via mail order and internet by 5.7%; computers, books, telecommunications equipment by 3.5% as well as electronic goods and furniture by 2.8%. However, medical goods and cosmetic sales were up by 4.4% month-on-month.