Home News Industrial production in Turkey increased by 10.4 percent annually

Industrial production in Turkey increased by 10.4 percent annually

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Industrial Production Upsurges in August

​​Turkey’s industrial production index soared in August 2020.
Turkey’s Statistical Institute, TurkStat, unveiled August industrial production data. Accordingly, industrial production increased by 10.4 percent annually, while a 3.4 percent monthly increase was recorded in the month of August.
The sub-sectors of industry, mining and quarrying indices increased by 5.2 percent, manufacturing industry index 11.4 percent, and electricity, gas, steam and air conditioning manufacturing and distribution indices by 2.3 percent compared to the same month of 2019. These sub-sectors posted monthly increases of 2.5 percent, 3.6 percent and 1.3 percent respectively in August.
“With these figures, we rank 1st among OECD members and 2nd worldwide,” said Minister of Treasury and Finance Berat Albayrak, commenting on the latest industrial production data.

Source: Republic of Turkey Investment Office
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