UPDATES WITH MORE DETAILS
By Tuba Sahin
ANKARA (AA) - Turkey's calendar-adjusted industrial production rose 10.2% in October on a yearly basis, the country’s statistical authority said on Monday.
The manufacturing index saw the highest year-on-year rise among industrial subsectors, 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.
A group of seven economists, surveyed by Anadolu Agency on Wednesday, projected that the industrial production index would rise 8% in October annually.
On a monthly basis the country's industrial output also improved in October, indicating a rise of 1.1%.
Among all subsectors of the seasonal and calendar-adjusted industrial sector, manufacturing was the only subsector to see a month-on-month recovery in October, rising by 1.4%.
The electricity, gas, steam and air conditioning supply index dropped by 2.5% from September.
The mining and quarrying index fell slightly by 0.6% in the same period.