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.
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.
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)