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Turkey Q1 Industrial Production Rises

Turkey Q1 Industrial Production RisesTurkey Q1 Industrial Production Rises

Turkey’s industrial production rose by 1.3 percent in the first quarter of the year, against the same quarter of last year, fuelled by 4.7 percent jump in March, according to the data released by Turkstat on Friday.

Mining and quarrying index fell by 4.1 percent, while manufacturing index rose by 1.3 percent and electricity, gas, steam and air conditioning supply index rose by 3.1 percent in first quarter of 2015, compared with the same quarter of last year, Dogan News Agency reported.

Industrial production rose by 1.2 percent compared with the previous quarter. Manufacturing index rose by 1.5 percent and electricity, gas, steam and air conditioning supply rose by 0.3 percent, while mining and quarrying index fell by 1.1 percent over the same period, as the sub sectors of the industry.

Industrial production rose by 2.2 percent compared with the previous month and by 4.7 percent compared with the same month last year.

The largest increase was in non-durable consumer goods by 3.6 percent in March, compared with the previous month.

The largest increase was in repair and installation of machinery and equipment by 14.1 percent, followed by manufacture of computer, electronic and optical products by 13.9 percent and manufacture of tobacco products by 12.8 percent in March 2015, compared with the previous month.

In the sub sectors of manufacturing, the highest decrease was in manufacture of other transport equipment by 10.1 percent, followed by manufacture of beverages by 4.1 percent and manufacture of electrical equipment by 0.8 percent.

Financialtribune.com