Turkish industrial output rises in April

By Tuba Sahin

ANKARA (AA) - Turkey's calendar-adjusted industrial production rose 6.7 percent in April compared to the same month last year, the Turkish Statistical Institute (TurkStat) announced on Thursday.

On an annual basis, all three main sub-indexes increased while the manufacturing index led the rise with 7.3 percent, according to the report.

"When the sub sectors of the calendar-adjusted industrial sector (based on 2010=100) were examined, mining and quarrying index increased by 1.3 percent, manufacturing index increased by 7.3 percent, and electricity, gas, steam and air conditioning supply index increased by 4.8 percent in April 2017, compared with the same month of the previous year," TurkStat said.

The production of capital goods increased the most among the main industrial groupings -- up 24.7 percent -- compared with the figure from the same month last year. All main industrial groupings except non-durable consumer goods were up in the same period, according to the report.

The report also showed that the production level was up 2.3 percent on a monthly basis.

The manufacturing index rose 2.6 percent month-on-month in April while the mining and quarrying index was up 1.8 percent in the same period. The electricity, gas, steam and air conditioning supply index saw a slight increase of 0.4 percent.

Turkey's industrial output is deemed a vital indicator for the economy as it is seen as a preliminary gauge for GDP growth.

The term "calendar adjusted" is used to refer to data that has removed calendar and holiday-originated effects.