Industrial manufacturing in Türkiye rebounded in May, increasing on each an annual and a month-to-month foundation, official knowledge from the nation’s statistical authority revealed Thursday.
The industrial manufacturing index rose 4.9% year-on-year in May and three.1% in comparison with a month earlier, the Turkish Statistical Institute (TurkStat) stated.
The surge of 4.9% got here following the annual growth of three.1% in April and the month-to-month contraction of three.2% in the identical month, respectively.
The studying marks a optimistic growth after a interval of comparatively muted and altering dynamics within the sector amid tight financial situations within the nation.
Of the 12 subsectors measured, 11 posted annual rises, whereas one declined. The excessive know-how index soared 30.6%, capital items climbed 12%, and mining and quarrying rose 10% in comparison with final May.
However, the sturdy client items index dropped 1.7% in comparison with the identical month final yr.
Among month-to-month figures, excessive know-how manufacturing surged 25.3%, capital items rose 8.6%, and the mining and quarrying index gained 5.3%.
Durable client items rose 4.3% and the manufacturing index climbed 3.2% month-to-month in May.
Meanwhile, manufacturing within the electrical energy, gasoline, and steam subsector remained secure in comparison with April.
Commenting on the info, Industry and Technology Minister Mehmet Fatih Kacır drew consideration to the expansion recorded within the excessive know-how merchandise group.
“Our industrialists are producing, Türkiye is developing. In May, the industrial production index recorded a 4.9% annual increase and a 3.1% monthly increase. The highest increase occurred in the high-tech product group. Türkiye continues its journey with high-tech and value-added investments,” Kacır stated in a submit on X.
Source: www.dailysabah.com