Turkey's industrial output climbs in January

Turkey's industrial output climbs in January

ANKARA - Anadolu Agency
Turkeys industrial output climbs in January

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Turkey's industrial output in January boosted 7.9 percent from the same month last year, the country's statistical authority said on March 13.

Among the three main sub-indices, the mining and quarrying index posted the highest annual increase in the month, with 8.5 percent, the Turkish Statistical Institute (TÜİK) said in a statement.

The manufacturing index went up 8.2 percent, while the electricity, gas, steam, and air conditioning supply index rose 3.8 percent during the same period.

Industrial production is considered a vital indicator for the economy, as it is seen as a preliminary gauge for GDP growth.

However, on a monthly basis, the figure slipped 0.2 percent in January.