CORRECTS - Türkiye's industrial production up 1.6% in December 2023

CORRECTS YEAR ON HEADLINE, LEDE

By Gokhan Ergocun

ISTANBUL (AA) - Türkiye's industrial production posted an increase of 1.6% in December 2023 on a yearly basis, the country's statistical authority TurkStat said on Friday.

While the mining and quarrying sub-index fell 1.2%, the manufacturing, and electricity, gas, steam and air conditioning supply index indexes rose 2.1% and 4.5%, respectively.

The production of capital goods rose 6.1%, intermediate goods 3.5%, and energy 1.7%, while durable and non-durable consumer goods dropped 3.4% and 1.9%, respectively.

High-tech production jumped 14.3%, medium-low tech production 5.4%, and medium-high tech 3.4%, while low-tech production dropped by 2.8% year-on-year in December.

On a monthly basis, industrial production gained 2.4% in December.