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Turkey Industrial production August 2023

Turkey: Industrial output growth wanes in August

Industrial output grew 3.0% year on year in August (July: +7.5% yoy). Looking at the details of the release, manufacturing output lost steam, while mining and quarrying output accelerated in August.

Meanwhile, annual average industrial production growth rose to 0.8% in August (July: +0.7%), signaling an improving trend in the industrial sector.

On a monthly basis, industrial output fell 0.8% in seasonally adjusted terms in August, which was below July’s 0.3% fall.

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