Turkey’s industrial production rises in May

0
99

Turkey’s industrial production rose by 3.5 percent in May compared to the same month last year, the Turkish Statistical Institute (TÜİK) announced on July 10.

The electricity, gas, steam and air conditioning supply index saw the biggest rise on an annual basis in May – 6 percent – among all three main sub-indices, TÜİK stated.

In the same period, the mining and quarrying index and manufacturing index went up 3.5 percent and 3.1 percent respectively.

Among the main industrial groupings, the production of durable consumer goods rose the most with a 7.6 percent rise year-on-year, followed by energy and intermediate goods, which rose 5.9 and 5.2 percent respectively.

TÜİK also reported that the country’s industrial output fell 1.5 percent in May on a monthly basis, while the biggest decline was in capital goods, down 9.4 percent, and the largest rise was in non-durable consumer goods, up 2.1 percent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here