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TUIK announced! Mining and energy production increases, manufacturing decreases!

Industrial production increased by 3.1% y-o-y in August compared to the same month of the previous year, below the expectations. On a monthly basis, it decreased by 0.8 per cent. Industrial production was expected to increase by 0.4% m-o-m and 3.7% y-o-y.

TUIK announced! Mining and energy production increases, manufacturing decreases!

According to the data from the Turkish Statistical Institute ( TUIK), when the sub-sectors of industry (with reference year 2015=100) are analysed, the index for mining and quarrying sector increased by 5.1%, the index for manufacturing industry sector increased by 1.8% and the index for electricity, gas, steam and air conditioning production and distribution sector increased by 4.9% in August 2023 compared to the same month of the previous year.

Industrial production decreased by 0.8

Analysing the sub-sectors of industry, in August 2023, mining and quarrying index increased by 0.2%, manufacturing industry index decreased by 1.3% and electricity, gas, steam and air conditioning production and distribution index increased by 2.4% compared to the previous month.

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