Turkish industrial output slips in November

Index falls 6.5 percent year-on-year, official data shows

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.

Kaynak:

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