Turkey: Industrial production up in August

By Gokhan Ergocun

ISTANBUL (AA) - Industrial production in Turkey expanded by 3.4% month-on-month in August and 10.4% annually, the country’s statistical authority said on Tuesday.

By sub-sectors, the intermediate goods index posted the highest monthly and annual increases in August with 13.6% and 4.8%, respectively, TurkStat announced.

With 12.6%, the durable consumer goods index posted the second-highest annual increase, followed by the manufacturing index with 11.4%.

The durable consumer goods index also posted a monthly decline of 4.6% in August, while only the energy index saw an annual drop with 0.8%.