19.10.2020

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
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.