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Turkiye's industrial output grows 4% annually in September 2023

18 Nov '23
1 min read
Pic: Adobe Stock/primopiano
Pic: Adobe Stock/primopiano

Insights

  • In September 2023, Turkiye experienced a 4 per cent annual increase in industrial production, driven by a 3.7 per cent YoY rise in the manufacturing index.
  • On a monthly basis, industrial production slightly declined by 0.1 per cent.
  • The non-durable consumer goods sector recorded a 3.2 per cent annual decrease and a 0.7 per cent monthly drop.
Turkiye witnessed a 4 per cent annual growth in its industrial production in September 2023. This growth was driven by significant improvements across various subsectors. The manufacturing index rose by 3.7 per cent year-on-year (YoY).

On a monthly basis, there was a 0.1 per cent decrease in industrial production. In this more immediate timeframe, the manufacturing index remained unchanged, the Turkish Statistical Institute (TurkStat) said in a press release.

The industrial production index also highlighted a disparity in the consumer goods sector. The non-durable consumer goods sector observed an annual decrease of 3.2 per cent and a monthly decrease of 0.7 per cent.

Fibre2Fashion News Desk (NB)

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