Türkiye's Industrial Production Rises 7.1% in August

Türkiye's industrial production grew by 7.1% year-on-year in August, according to data released by the Turkish Statistical Institute (TurkStat) on Thursday.

The capital goods index climbed 21% year-on-year in August, medium high technology index rose 19%, and high technology increased 8.5%.

However, the durable consumer goods index lost 4.6% yearly.

On a monthly basis, overall industrial production expanded 0.4% in August.

Of the 12 sub-sectors measured, six posted monthly rises, while the other six declined.

Among monthly figures, medium high technology production was up 4.4%, non-durable consumer goods rose 1.9%, and the medium low technology gained 1.2%.

Meanwhile, the high technology index plunged 16.3% on a monthly basis, the production in electricity, gas, steam fell 2.5%, and energy was down 1.4% in August.