Industrial Production in Turkey Decreased by 1 Percent in August Compared to the Previous Month
According to data released by the Turkish Statistical Institute, seasonally and calendar-adjusted industrial production fell by 1 percent on a monthly basis in August.
The Turkish Statistical Institute released the industrial production index data for August. According to the announced figures, seasonally and calendar-adjusted industrial production decreased by 1 percent in August compared to the previous month.
Monthly and Annual Production Data
According to the data announced by the Turkish Statistical Institute, calendar-adjusted industrial production in August experienced a 1.9 percent decline compared to the same month of the previous year. In the unadjusted industrial production index, a limited decrease of 0.03 percent was calculated on an annual basis.
Sub-Sector Performances
When the sub-sectors of industry are examined in detail, the mining and quarrying sector index and the electricity, gas, steam, and air conditioning supply and distribution sector index recorded increases in August. In contrast, a decline was observed in the manufacturing sector index.
Annual Sectoral Changes
Compared to the same month of the previous year, the mining and quarrying sector index rose by 1.7 percent. While the electricity, gas, steam, and air conditioning supply and distribution sector index increased by 1.3 percent, the manufacturing sector index decreased by 2.5 percent.
Monthly Sectoral Activity
According to seasonally and calendar-adjusted data, the mining and quarrying sector index recorded a 4.1 percent increase in August compared to the previous month. During the same period, the electricity, gas, steam, and air conditioning supply and distribution sector index rose by 3.3 percent, while the manufacturing sector index fell by 1.6 percent.