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Turkey Factory Output Rises

Turkey Factory Output RisesTurkey Factory Output Rises

Turkish industrial output was higher in March compared to the same month last year, according to official data released on Monday, Anadolu Agency reported. A report from the Turkish Statistical Institute revealed that Turkey’s calendar-adjusted industrial production rose by 2.8% year-on-year in March 2017. Among three sub-indexes compared with the same month last year, the mining and quarrying index suffered by 3.8% in March 2017, according to the report. The electricity, gas, steam and air conditioning supply index and the manufacturing index surged by 7.7% and 2.5%, respectively, in the month compared to March last year, according to TurkStat. The report also showed that the production level was also higher--1.3%—in the month compared with the figure from April 2017. “When the sub sectors of the seasonally and calendar-adjusted industrial sector [based on 2010=100] were examined, mining and quarrying index increased by 2.1%, manufacturing index surged by 1.6%, while electricity, gas, steam and air conditioning supply index decreased by 1.1% in March 2017, compared with the previous month,” TurkStat said.

 

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