The index has been posting monthly increases since May 2020 and rising annually since June 2020, according to data by the Turkish Statistical Institute (TÜİK)
On a monthly basis and by sub-sectors, the mining and quarrying index was down by 1.7%, while the manufacturing and electricity-gas-steam-air-conditioning supply indices increased by 0.3% and 7.3%, respectively, in March.
Annually, all sub-sectors posted increases, electricity-gas-steam-air-conditioning supply by 11.9%, mining and quarrying by 14.8% and manufacturing by 17.2%.
According to an Anadolu Agency survey on Thursday, a group of eight economists’ expectation for Turkey’s calendar-adjusted industrial production index was for an increase of 13.8% annually – ranging between 9.85% and 17.7%.
The term “calendar-adjusted” is used to refer to data without calendar and holiday-originated effects.
In February, the adjusted industrial production indices on a monthly and annual basis were up 0.2% and 8.9%, respectively.
Hurriyet Daily News