Türkiye’s industrial production rises 2.5% in March year-on-year

By Mucahithan Avcioglu

ISTANBUL (AA) - Türkiye's industrial production increased by 2.5% year-on-year in March, the Turkish Statistical Institute (TurkStat) said Friday.

Of the 12 sub-sectors measured, 10 posted annual increases, while two declined. The energy index rose 8.4%, capital goods climbed 8.2%, and electricity, gas, steam production increased 6.1% compared to March last year.

However, the durable consumer goods index dropped 5.7%, and intermediate goods production fell 1.7% year-on-year.

On a monthly basis, overall industrial production rose 3.4% in March.

Among monthly figures, high-technology production saw a strong surge of 43.4%, capital goods rose 12.7%, and the mining and quarrying index gained 8.2%.

Meanwhile, the electricity, gas, steam index declined 3.5% from February, while the durable consumer goods index and energy index slipped by 2.8% and 0.6%, respectively.