Türkiye’s industrial manufacturing plunged by 4.7% in June on an annual foundation, official knowledge revealed on Friday, pushed by a steep contraction in manufacturing output.
That marks the third consecutive fall and the steepest since February 2023, when devastating earthquakes razed Türkiye’s southeastern area.
Among the subindexes, the manufacturing index dropped by 6.9% year-over-year in June, the Turkish Statistical Institute (TurkStat) knowledge confirmed.
The mining and quarrying index rose by 8.6%, and the electrical energy, gasoline, steam and air-con provide index elevated by 15.2%.
On a month-to-month foundation, the commercial output index dropped by 2.1% on a seasonal and calendar-adjusted foundation.
The manufacturing index decreased by 3.1%; whereas the mining and quarrying index elevated by 1.8%, and the electrical energy, gasoline, steam and air-con provide index elevated by 7.8% month-over-month in June.
Source: www.dailysabah.com