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Turkey Industrial production February 2022

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.

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