ANKARA — Turkey's industrial turnover index fell by 2.7 percent in March compared with February, data from the Turkish Statistics Institute, TurkStat, indicated on Wednesday.
The total calendar-adjusted industrial turnover index, the correction for calendar variations including working day adjustments, grew by 18.2 percent in March compared with the same month last year, according to the data.
In regards to manufacturing, the sub sector of tobacco production increased by 15.1 percent in March compared with the previous month, while manufacturing as a whole increased by 20.5 percent for the first quarter of 2014.
Meanwhile, the total calendar-adjusted industrial turnover index grew by 20.3 percent in the first quarter of this year compared with the same quarter in 2013.
Mining and quarrying, industry sub sectors, were up by 13.3 percent.
The turnover index is a business cycle indicator showing the monthly evolution of the market of goods and services in industry. The objective of the industrial turnover index is to measure the industry market activity in value.
Keep up to date with what’s happening in Turkey,
it’s region and the world.
You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.