World Economy

Turkey Factory Output Up

Turkey Factory Output UpTurkey Factory Output Up

Turkey’s industrial production rose 3.5% in May compared to the same month last year, the Turkish Statistical Institute announced Monday, Anadolu Agency reported. The electricity, gas, steam and air conditioning supply index saw the biggest rise in May—6%—among all three main sub-indices, on an annual basis, TurkStat said. In the same period, the mining and quarrying index and manufacturing index went up 3.5% and 3.1%, respectively. Among the main industrial groupings, the production of durable consumer goods rose the most with a 7.6% rise year-on-year, followed by energy and intermediate goods—up 5.9 and 5.2%, respectively.

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