Turkey Industrial Production Contracts 1.2%
RTTNews 2023-06-09 14:29:16 • 1 min
Turkey's industrial production declined in April after rebounding in the previous month, largely driven by a sharp downturn in mining and quarrying output, data from the Turkish Statistical Institute showed on Friday.
Industrial production fell 1.2 percent year-on-year in April, reversing a 0.4 percent increase in March.
Mining and quarrying output alone plunged 12.2 percent annually in April, and production in the utility segment showed a decline of 4.3 percent.
Meanwhile, manufacturing activity remained flat at the start of the second quarter.
