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Turkey Industrial production August 2021

Turkey: Industrial output growth improves in August

Industrial output expanded 13.8% compared to the same month of the previous year in August, which followed July’s 9.7% increase. Looking at the details of the release, mining and quarrying output slowed in August, while manufacturing output accelerated.

Meanwhile, the trend improved slightly, with the annual average growth of industrial production coming in at plus 17.3% in August, up from July’s 17.1% reading.

On a seasonally-adjusted month-on-month basis, industrial production expanded 5.4% in August (July: -3.4% mom).

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