Turkey’s industrial production up by 16.9 percent in December

Zaman - Turkey’s industrial production grew by 16.9 percent in December compared with the same month of 2009, the Turkish Statistics Institute (TurkStat) announced on Tuesday. According to December figures, Turkey produced 16.9 percent more industrial goods this December than in December 2009, and 16.8 percent more than in November 2010. When seasonal effects are taken into consideration, the picture becomes even more positive as national industrial production is shown to have grown by 17.4 percent year-on-year in December.

Production in the manufacturing sector was up 18.9 percent, while the mining sector was up 1.8 percent and the utilities sector up 7.9 percent in December 2010 over December 2009. The highest production increase was seen in capital goods production, with a rise of 34.2 percent in December compared with the same month in 2009, followed by a rise of 24.4 percent in the production of intermediate goods, 8.3 percent in energy production and 7.5 percent in durable consumer goods. Commenting on the released figures, Turkey’s Minister of Industry and Commerce Nihat Ergun said that the industrial production index had reached a record level by both monthly and yearly average and that the 2010 growth forecast would be revised to project a higher level of annual growth between 7 and 8 percent.
turkey; industrial production index; ip; turkish industrial output; industrial goods; nihat ergun