Turkey: Industrial output notches quickest growth since February in July
Industrial output rose 4.4% year-on-year in July (June: +0.4% yoy). The print marked the strongest rise since February. July’s upturn was primarily driven by an improvement in mining and quarrying and manufacturing output.
Meanwhile, the trend improved with the annual average variation of industrial production coming in at minus 1.2% in July, up from June’s minus 1.6%.
Furthermore, output rose 8.4% month-on-month, slowing from June’s 17.8% surge.