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Turkey Industrial production December 2020

Turkey: Industrial output grows at a softer pace in December

Industrial output grew 9.0% in year-on-year terms in December, down from November’s 11.0% increase. The print reflected softer growth in manufacturing and electricity, gas and steam output, while mining and quarrying production accelerated.

Meanwhile, annual average industrial production growth was stable at November’s 1.5% in December. Despite the impact of the global pandemic, output recovered from 2019’s contraction last year.

Lastly, output rose 1.3% month-on-month in December, unchanged from November’s print.

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