Turkey’s calendar-adjusted industrial production rose 10.2% in October on a yearly basis, the country’s statistical authority said on Monday.
INDUSTRIAL OUTPUT IMPROVED
The manufacturing index saw the highest year-on-year rise among industrial sub-sectors, with 11%, the Turkish Statistical Institute (TurkStat) said in a statement.
The electricity, gas, steam, and air conditioning supply index went up 5.5%, while the mining and quarrying index rose 0.4% during the same period.
The term “calendar-adjusted” is used to refer to data without calendar and holiday-originated effects.
On a monthly basis the country’s industrial output also improved in October, indicating a rise of 1.1%.