Turkish Statistical Institute (TUIK) announced the industrial production index results for February.
Accordingly, calendar adjusted industrial production increased by 7.5 percent in February compared to the same month of 2019, and the unadjusted industrial production index increased by 10.5 percent.
When the subsectors of the industry are examined, the mining and quarrying sector index increased by 1.7 percent, the manufacturing industry index increased by 8 percent, and the electricity, gas, steam and air conditioning production and distribution sector index increased by 4.4 percent in February compared to the same month of 2019.
Monthly changes in industrial production
Seasonally and calendar adjusted industrial production increased by 1.2 percent compared to the previous month.
In the month in question, the mining and quarrying sector index decreased by 5.8 percent compared to the previous month, while the manufacturing industry sector index increased by 1.6 percent and the electricity, gas, steam and air conditioning production and distribution sector index increased by 1.3 percent.
In AA Finance’s Industrial Production Expectation Survey, which resulted in the participation of 10 economists, economists expected the unadjusted industrial production index to increase by 7.9 percent annually in February.
Source: https://www.aa.com.tr/tr/ekonomi/sanayi-uretimi-subatta-yillik-yuzde-7-5-artti/1802476
