Turkey: Industrial output grows at fastest pace in over two-years in November
January 14, 2021
Industrial output expanded 11.0% in year-on-year terms in November, which followed October's 10.4% increase. The figure marked the strongest expansion since January 2018. November's upturn largely reflected an upturn in mining and quarrying and manufacturing production.
Meanwhile, annual average industrial production growth rose to 1.5% in November (October: +1.0%). This signals an improving trend in the industrial sector.
Lastly, output rose 1.3% month-on-month in November, up from the 1.2% increase logged in October.