Turkish industrial production rose on a year-on-year basis in February. Industrial output recorded a growth of 9.9 percent, a slowdown from 12 percent year-on-year seen in the prior month, showed Turkish Statistical Institute.
Looking at the sub sectors of the industrial sector, mining and quarrying index recorded a growth of 11.2 percent. Meanwhile, manufacturing index rose 10.4 percent. Lastly, electricity, gas, steam and air conditioning supply index rose 3.3 percent year-on-year in February.
On a sequential basis, Turkish industrial production fell 0.2 percent in the month of February. Delving into details, mining and quarrying index fell 0.3 percent, whereas manufacturing index dropped 0.2 percent. Electricity, gas, steam and air conditioning supply index dropped 1.1 percent sequentially in the month.
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