Turkey: Industrial output accelerates in February
Industrial output rose 13.3% year-on-year in February (January: +7.6% yoy). The print was driven by accelerating manufacturing output, while mining and quarrying, and energy production growth eased.
Meanwhile, annual average industrial production growth accelerated to 17.5% in February (January: +17.2%), signaling an improving trend in the industrial sector.
On a seasonally-adjusted month-on-month basis, industrial output swung from a 2.3% contraction in January to a 4.4% expansion in February.