Türkiye's industrial output posts 1st annual decline in 1 year
Industrial production falls 0.7% at annualized pace in April, reversing 11 consecutive months of growth
By Tuba Ongun
Türkiye's industrial output in April decreased annually for the first time in a year, the Turkish Statistical Institute (TurkStat) data showed on Monday.
April's figure was down 0.7% at an annualized pace, following 11 straight months of growth.
Production rose for mining and quarrying by 12.2% from a year earlier in April and for electricity, gas, steam and air conditioning supply by 1.6%.
The index of manufacturing, on the other hand, fell 1.5% year-on-year in April.
On a monthly basis, the output dropped 4.9% in April, the steepest decline in 14 months.
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