Turkey’s industrial production accelerates in Dec
In the sub sectors, the manufacturing index increased 2.8% year on year while the mining and quarrying index surged 7%. However, the electricity, gas, steam and air conditioning supply index posted slight decrease of 0.1% in December when compared to the same period of 2013. On a monthly basis, manufacturing climbed 1.6% while the electricity, gas, steam and air conditioning supply index contracted 1.9% in December. In addition, the mining and quarrying index rose 3.2% compared with the previous month.
Meanwhile, among the main industrial groupings, the largest monthly increase in calendar and seasonally adjusted terms was reported in capital goods, which expanded by 6.5% in December. In the sub-sectors of the manufacturing sector, the largest monthly decrease was seen in the manufacturing of other transport equipment, which decreased by 17.6%, which was followed by printing and reproduction of recorded media, which declined 10.6% in December.
In the October- December period, Turkey’s industrial output decreased 0.5% compared with the previous three months while industrial output increased 1.9% on a calendar adjusted basis when compared to the same period of 2013. For full year of 2014, meanwhile, industrial production grew 3.6% compared with 2013.
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