Turkey enjoys strong increase in industrial production in April 2017
The calendar-adjusted industrial production, which was expected to increase by 4 percent in April, increased by 6.7 percent compared to the same month of the previous year.
Industrial production was recorded above market expectations in April. Industrial production expected to increase by 3.9 percent, went up by 6.7 percent compared to the same month of the previous year. Industrial production excluding seasonal and calendar effect, increased by 2.3 percent.
Industrial production increases by 2.3 percent
Industrial production increased by 2.3 percent in April compared to the previous month. When the subsectors of seasonally adjusted and calendar-adjusted industries (2010 = 100 base year) were examined, mining and quarrying sector index increased by 1.8 percent, manufacturing industry sector index was 2.6 percent and electricity, gas, The climate production and distribution sector index increased by 0.4 percent.
Industrial production increased by 2.3 percent in April compared to the previous month. When seasonally adjusted industry subsectors are observed, it is seen that mining and quarrying sector index increased by 1.8 percent, manufacturing industry sector index increased by 2.6 percent and electricity, gas, climate production and distribution sector index increased by 0.4 percent.
Industrial production increases by 6.7 percent annnually
Industrial production increased by 6.7 percent compared to the same month the previous year. When calendar-adjusted industry (2010 = 100 base year) sub-sectors are were examined, the mining and quarrying sector index increased by 1.3 percent, the manufacturing industry sector index increased by 7.3 percent, and electricity, gas, climate production and distribution sector index increased by 4.8 percent.
The highest increase recorded in capital goods production
When the main industrial groups (MIGs) adjusted for seasonal and calendar effects are examined, the highest increase in April 2017 was realized in capital goods with 12.2 percent.
When the sub-sectors of the manufacturing industry excluding seasonal and calendar effects are analyzed, in April 2017, the highest increase compared to the previous month was realized in manufacturing of other transportation vehicles with 140.7 percent. This increase was followed by the production of computers, electronic and optical products with 19.5 percent, and the manufacture of basic pharmaceutical products and pharmacy related materials with 6.9 percent.
SOURCE: MEDIA (WD)
