Turkey: Industrial output grows at quickest pace since June 2022 in July
Industrial output increased 7.5% compared to the same month of the previous year in July, which followed June’s 0.3% increase. July’s result marked the best reading since June 2022. The improvement largely reflected upturns in mining and quarrying and manufacturing production.
Meanwhile, annual average industrial production growth rose to 0.7% in July (June: +0.3%), signaling an improving trend in the industrial sector.
On a monthly seasonally-adjusted basis, industrial production fell 0.4% in July (June: +1.2% mom s.a.).