Turkey's May industrial production in line with expectations

Calendar adjusted industrial production rose 2.4 percent year on year in May, meeting expectations

Photo by: AA
Photo by: AA

Updated Jul 28, 2015

In a statement on Wednesday the Turkish Statistical Institute (TUIK) announced that repairs, installation and refined petroleum products drove Turkish industrial output 2.4 percent higher in May from the same month in 2014.

Manufacturing increased 3 percent year on year, driven by a 33.6 percent climb in the repair and installation of machinery and equipment index and a rise in the manufacture of coke and refined petroleum products index of 22.2 percent. 

Industrial output figures play an important role in determining the growth data of a country. 

Production in Turkey’s manufacturing sector increased 3.0 percent in May from a year ago, while mining and quarrying output fell by 9.9 percent. 

Conversely, electricity, gas, steam and air conditioning supply production rose by 1.1 percent in the month of May in 2015.

TRTWorld and agencies