Turkiye's overall industrial production index went up 1% YoY; 2.4% MoM

13 Oct '22

1 min read

Pic: Shutterstock/ rozdemir

Turkiye’s industrial production index for non-durable consumer goods (NDCOG) rose by 9.4 per cent year-on-year (YoY) and 4.1 per cent month-on-month (MoM) in August 2022. While overall industrial production for the country increased by 1.0 per cent annually, it jumped 2.4 per cent monthly.

When the subsectors of the industry (based on 2015=100) were examined, the manufacturing index of the nation increased by 2.2 per cent in August 2022, compared with the same month of the previous year, according to a press release by Turkish Statistical Institute (TurkStat). Moreover, the manufacturing index increased by 2.7 per cent in August 2022, compared with the previous month.

NDCOG, which include clothing and footwear, are intended for immediate or nearly immediate consumption and have a life span that could last a couple of minutes to three years.

Annual changes refer to the changes of calendar adjusted index values compared to the same month of the previous year. Monthly changes refer to the changes of seasonally and calendar adjusted index values compared to the previous month, added the release.

Fibre2Fashion News Desk (NB)

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