Industrial production increased by 10.2% annually

Industrial production in Turkey recorded a 10.2 percent increase annually in October, Turkish Statistical Institute (TurkStat) announced on Monday.

Accordingly, manufacturing index increased by 11 percent while electricity, gas, steam and air conditioning supply index rose 5.5 percent and mining and quarrying index went up 0.4 percent in October 2020, compared with the same month of previous year.

Meanwhile, monthly industrial production in Turkey also increased by 1.1 percent in October.

Commenting on the results, Minister of Industry and Technology Mustafa Varank noted that Turkey recorded the highest increase globally among the countries, which announced their October industrial production data.

Image for Industrial Production
Industrial production; TurkStat; Mustafa Varank; manufacturing index