Turkey: Industrial output expands at fastest pace since January in June
Industrial output increased 0.7% year on year in June (May: +0.2% yoy). The result marked the best reading since January. Looking at the details of the release, mining and quarrying production plunged in June, while manufacturing output gained momentum.
Meanwhile, annual average industrial production growth fell to 0.4% in June (May: +1.1%). This signals a worsening trend in the industrial sector.
On a monthly seasonally-adjusted basis, industrial production expanded 1.5% in June (May: +1.5% mom s.a).