Turkish Statistical Institute (TÜİK) announced the industrial production index data for May. Accordingly, calendar adjusted industrial production increased by 4.9% compared to the same month last year.
Analyzing the sub-sectors of industry, mining and quarrying sector index increased by 10%, manufacturing industry sector index increased by 4.6%, electricity, gas, steam and air conditioning production and distribution sector index increased by 4.7% on an annual basis.
The unadjusted industrial production index increased by 1.6% on an annual basis.
Looking at the monthly data, seasonally and calendar adjusted industrial production increased by 3.1% compared to the previous month. On the basis of sub-sectors, mining and quarrying sector index increased by 5.3%, manufacturing industry sector index increased by 3.2%, while electricity, gas, steam and air conditioning production and distribution sector index remained unchanged compared to the previous month.
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