By Tuba Sahin
ANKARA (AA) - Turkey's calendar-adjusted industrial production dropped 6.5 percent in November 2018 compared to the same month of the previous year, the Turkish Statistical Institute (TurkStat) announced Monday.
Industrial output is considered a vital indicator for the economy, as it is seen as a preliminary gauge of GDP growth.
Among three main sub-indexes, the manufacturing index posted the worst performance in November, down 7.1 percent year-on-year.
The electricity, gas, steam, and air conditioning supply index decreased 1.8 percent, while the mining and quarrying index went down 1.1 percent during the same period.
The term "calendar-adjusted" is used to refer to data without calendar and holiday-originated effects.