Business · Economy · 2 days ago

Türkiye’s industrial production falls 1.9% in August

Türkiye’s industrial production falls 1.9% in August

Türkiye’s industrial production fell 1.9% in August compared with the same month a year earlier, marking a fourth consecutive monthly annual decline.

The figures were released by the Turkish Statistical Institute.

Manufacturing, the largest sector described in the data, fell 2.5% year on year.

Mining and quarrying rose 1.7%, while electricity, gas, steam and air conditioning output increased 1.3%.

Total production also fell 1% from July, after a 0.9% monthly drop in July.

Some areas grew: high-technology production rose 14.5% year on year, according to one report.

The figures show that gains in mining and energy did not offset the decline in manufacturing and overall output.

Sources

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