Industrial output rises 8.7% y-o-y

The country’s calendar-adjusted industrial production jumped 8.7% in July compared to the same month last year, according to the Turkish Statistical Institute (TurkStat).

Data from TurkStat indicated that the manufacturing index went up 7.9% year-on-year in July.

The mining and quarrying index also increased by 15.2%, while the electricity, gas, steam, and air conditioning supply index rose by 11.7%.

The country’s industrial production narrowed 4.2% on a monthly basis.

Meanwhile, the country’s purchasing managers’ index for the manufacturing sector read 54.1 in August, slightly up from 54.0 a month ago.

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