Turkey’s industrial production increased 4.7 percent in March, compared with the same month last year, the Turkish Statistical Institute (TÜİK) said in a statement on Friday.

Turkey's industrial output increased 4.7 percent in March!

Turkey’s industrial production increased 4.7 percent in March, compared with the same month last year, the Turkish Statistical Institute (TÜİK) said in a statement on Friday. Total output increased 2.2 percent from the previous month, the statement said.

The change surprised analysts who had forecast a rise of 1.7 percent on average and the new data was the strongest industrial output figure since October of last year.

Production had risen 1 percent in February year-on-year, reversing a 2.2 percent drop in January. The Mining and Quarrying Index increased 3.8 percent and the Manufacturing Index increased 5 percent. The Electricity, Gas, Steam and Air Conditioning Supply Index also increased 3 percent in March 2015, compared with the same month last year.

Source: dailysabah.com

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