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Türkiye's manufacturing, mining, and energy sectors drive a remarkable surge in industrial output, marking the highest growth rate in two years
Türkiye's industrial production surged at a two-year high of 11.5% year-on-year in February, according to official data released on Monday.
The figure was up from 1.3% in January, the Turkish Statistical Institute (TurkStat) data showed.
Production posted an increase for mining and quarrying with 12.8%, manufacturing with 11.9%, and electricity, gas, steam and air conditioning supply with 7.7%.
On a monthly basis, the output increased 3.2% in February 2024, the strongest growth since March 2023.
The indices of mining and quarrying, manufacturing and electricity, gas, steam, and air conditioning supply gained 3.2%, 3.8%, and 0.3%, respectively, from a month earlier.
According to TurkStat data, the annual change rates of industrial production indexes, adjusted for calendar effects, are as follows:
Years/Months
January
February
March
April
May
June
July
August
September
October
November
December
2021
12.5
9.2
16.9
66.8
42.5
24
9.7
13.1
8.7
8.7
11
13.1
2022
6
12.3
8.1
9.5
7.1
8.1
2
0.9
0.1
2.3
-1.7
1.8
2023
4
-8.8
0.4
-1.4
0.2
0.8
8.3
3.5
5.1
2.7
2
2.3
2024
1.1
11.5
Source: Newsroom
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