UPDATE - Turkey's industrial output rises in October

UPDATES WITH MORE DETAILS

By Tuba Sahin

ANKARA (AA) - Turkey's calendar-adjusted industrial production rose 10.2% in October on a yearly basis, the country’s statistical authority said on Monday.

The manufacturing index saw the highest year-on-year rise among industrial subsectors, with 11%, the Turkish Statistical Institute (TurkStat) said in a statement.

The electricity, gas, steam, and air conditioning supply index went up 5.5%, while the mining and quarrying index rose 0.4% during the same period.

The term "calendar-adjusted" is used to refer to data without calendar and holiday-originated effects.

A group of seven economists, surveyed by Anadolu Agency on Wednesday, projected that the industrial production index would rise 8% in October annually.

On a monthly basis the country's industrial output also improved in October, indicating a rise of 1.1%.

Among all subsectors of the seasonal and calendar-adjusted industrial sector, manufacturing was the only subsector to see a month-on-month recovery in October, rising by 1.4%.

The electricity, gas, steam and air conditioning supply index dropped by 2.5% from September.

The mining and quarrying index fell slightly by 0.6% in the same period.