Turkey: Industrial output growth improves in December
Industrial output expanded 14.4% compared to the same month of the previous year in December, which was above November’s 11.3% increase. December’s reading marked the best result since June. Looking at the details of the release, mining and quarrying output fell in December, while manufacturing output gained momentum.
Meanwhile, annual average industrial production growth rose to 17.5% in December (November: +17.0%). This signals an improving trend in the industrial sector.
On a month-on-month seasonally- and calendar-adjusted basis, industrial production growth eased to 1.6% in December, from November’s 3.3%.