Industrial production decreased by 0.4 percent on a monthly basis and increased by 1.1 percent on an annual basis in October. Market expectations were for a monthly decline of 0.2 percent and an annual increase of 2 percent.
According to the data released by Turkish Statistical Institute (TurkStat), when the subsectors of the industry (based on 2015=100) were examined, mining and quarrying index increased by 3.7%, manufacturing index increased by 1.3% and electricity, gas, steam and air conditioning supply index increased by 3.5% in October 2023, compared with same month of previous year.
When the subsectors of the industry were examined, while mining and quarrying index increased by 3.2%, manufacturing index decreased by 0.3% and electricity, gas, steam and air conditioning supply index decreased by 2.3% in October 2023, compared with previous month.
