Turkey: Industrial output growth accelerates in January
Industrial output grew 11.4% in year-on-year terms in January, up from December’s 9.2% increase. The print reflected a marked uptick in mining and quarrying output while manufacturing production also rose. On the other hand, energy output contracted fractionally. Meanwhile, annual average industrial production growth rose to 1.8% in January from December’s 1.5%.
Lastly, output rose 1.0% month-on-month in January, down from the prior month’s 1.2% rise.