Türkiye's industrial production down in August

By Gokhan Ergocun

ISTANBUL (AA) — Türkiye's industrial production dropped 5.3% on a yearly basis in August, the Turkish Statistical Institute (TurkStat) announced on Thursday.

Among sub-sectors, both the mining and quarrying index and the manufacturing index slipped 5.4%, while the electricity, gas, steam and air conditioning supply index rose 1.6% over the same period.

On a monthly basis, industrial production index posted a decline of 1.6%.

The mining and quarrying index declined 4.4%, the manufacturing index by 1.3%, and the electricity, gas, steam and air conditioning supply index by 3.2% month-on-month.

On a monthly basis, high-tech industrial production surged by 21.4%.