Industrial production increases 8.5 percent in June

Türkiye's industrial production increased by 8.5 percent year-on-year in June, data from the Turkish Statistical Institute (TÜİK) have shown.

The manufacturing sector's output rose by 10 percent on an annual basis and increased 1.6 percent in June from May, while the production increases in electricity, gas and steam were 0.6 percent year-on-year and 0.1 percent month-on-month.

However, the mining and quarrying industry's production declined by 7.1 percent from a year and fell by 2.1 percent compared to May.

The country's industrial output grew 1.3 percent in June from May, with the monthly rate of increase accelerating from 0.5 percent.

Intermediate goods production exhibited an annual increase of 4.9 percent, while the output in the sector rose 1 percent from May. Durable consumer goods production increased 2.9 percent year-on-year and 3.4 percent monthly. The non-durable consumer goods sector's output grew more than 16 percent in June from a year ago and advanced 4.9 percent from the previous month.

Türkiye's energy output increased 1 percent on an annual basis but declined 1.3 percent monthly.

In the capital goods industry, production rose 12.4 percent year-on-year.

In May, the country's industrial output increased by 9 percent from the same month of 2021.

Turnovers, retail sales up

Separate data from TÜİK showed on Aug. 12 that the combined turnover of the industry, construction, trade and services sectors rose by 129.8 percent in June on an annual basis, easing from the 133.2 percent rise recorded in the previous month.

Total turnover was up 7.5 percent compared with May, when the monthly increase was 5.1 percent.

In the industry and construction sectors, turnover...

Continue reading on: