8/14/2020

Industrial Production Bounces by 17.6 percent in June

​The economic recovery following the end of lockdown in Turkey helped Turkey's industrial production surge by 17.6 percent monthly in June.

According to the data published by the Turkish Statistical Institute (TurkStat), Turkey's manufacturing index increased by 19 percent, while mining and quarrying index and electricity, gas, steam and air conditioning supply index surged by 7.8 percent and 6.7 percent respectively in June.

Commenting on the results, Minister of Treasury and Finance Berat Albayrak said, “Turkey ranks first among the European countries with the 17.6 percent increase in the industrial production in June. The strong recovery in leading economic indicators will hopefully once again disappoint those with pessimistic GDP growth expectations for Turkey."
industrial production index; TurkStat; Berat Albayrak; index; production