Turkey: Industrial output growth gains steam in November
January 14, 2022
Industrial output rose 11.4% compared to the same month of the previous year in November, which followed October's 8.7% increase. Looking at the details of the release, mining and quarrying production expanded at a softer pace in November, while manufacturing output climbed at a quicker pace.
On a seasonally-adjusted month-on-month basis, output increased 3.3% in November, up from 0.7% in October.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at17.1%, down from October's 17.2% reading.