Türkiye's industrial production declines in August
A worker is photographed in a firm producing solar panels in Çerkezköy Organized Industrial Zone (OSB), Tekirdağ, northwestern Türkiye, Oct. 8, 2024. (AA Photo)


Türkiye's industrial production decreased annually in August, the country's statistical authority announced on Thursday, led by a slip in manufacturing and mining and quarrying index.

Industrial output softened further and was down 5.3% year-on-year in August, the Turkish Statistical Institute (TurkStat) said.

Seen as a preliminary indicator of growth, the industrial production index slipped in both June and July after posting a marginal increase in May.

Among subsectors, both the mining and quarrying index and the manufacturing index decreased 5.4%, while the electricity, gas, steam and air conditioning supply index rose 1.6% over the same period.

On a monthly basis, the industrial production index posted a decline of 1.6%, the data showed.

The mining and quarrying index declined by 4.4%, the manufacturing index by 1.3%, and the electricity, gas, steam and air conditioning supply index by 3.2% month-on-month.

Monthly, high-tech industrial production saw the largest increase, surging by 21.4%, TurkStat data revealed.